CFA Practice Question

There are 520 practice questions for this study session.

CFA Practice Question

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).
Correct Answer: C

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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