How often should goodwill acquired in a business combination be tested for impairment?
A)At least once a year.
B)At least once every two years.
C)Whenever there is an indication of impairment.
D)Whenever there is a change in circumstances in the business.

Question

Quizplus · Accepted Answer

Goodwill acquired in a business combination should be tested for impairment at least annually, or more frequently if events or changes in circumstances indicate that it might be impaired.

How Often Should Goodwill Acquired in a Business Combination Be