With respect to the recognition of goodwill in a business combination, which of the following statements is true?
A. Neither US GAAP, nor IFRS, provide that goodwill impairments will not be recoverable once recognized.
B. IFRS requires a reporting unit's implied fair value for goodwill to be calculated as the excess of such unit's fair value over the fair value of its identifiable net assets.
C. Only US GAAP requires recognition of goodwill when the fair value of the consideration transferred exceeds the net fair value of assets and liabilities.
D. US GAAP standards require goodwill to be allocated to reporting units expected to benefit from the goodwill.
E. Only IFRS standards require annual assessments for goodwill impairment.
Answer: D
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The appropriate way to summarize a metric measurement scale is through percentages illustrated in charts, such as pie charts or in frequency distributions
Indicate whether the statement is true or false
Who and what are the globalizers, and what are the consequences of globalization?
What will be an ideal response?
A speaker can solicit questions from the audience in advance by
a. passing out note cards for audience members to jot down questions. b. including on the promotional flyer for the presentation a note that audience members should bring in question. c. having a moderator ask questions from the audience at the outset of a presentation. d. arriving at the venue early to talk to people prior to the presentation.