If an operating unit is sold,the goodwill related to that unit may remain on the books of the reporting entity until replaced by another acquisition.

Name: If an operating unit is sold,the goodwill related to that unit may remain on the books of the reporting entity until replaced by another acquisition.
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Question

Quizplus · Accepted Answer

When an operating unit is sold, the goodwill associated with that unit should be removed from the books of the reporting entity as it is no longer applicable to the entity's operations.

If an Operating Unit Is Sold,the Goodwill Related to That