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Basic Question 0 of 3

Goodwill impairment exists only if the fair value of the business unit ______

A. equals the carrying value of the reporting unit (including goodwill).
B. is greater than the carrying value of the reporting unit (including goodwill).
C. is less than the carrying value of the reporting unit (including goodwill).
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User Contributed Comments 2

User Comment
cong Then move on to the second step.
swisha ^^ only if its under US GAAP.
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I used your notes and passed ... highly recommended!
Lauren

Lauren

Learning Outcome Statements

explain the financial reporting and disclosures related to goodwill

CFA® 2025 Level I Curriculum, Volume 2, Module 3.