The steps involved in testing goodwill for impairment using ASPE do NOT include
A) comparing the current implied fair value of goodwill with its carrying amount.
B) comparing the fair value of the reporting unit against its carrying amount including goodwill.
C) all of these (all of these steps are involved in testing goodwill for impairment using ASPE).
D) calculating the implied current fair value of goodwill.

Question

Quizplus · Accepted Answer

All of the steps mentioned in the options are involved in testing goodwill for impairment using ASPE. Therefore, C is the correct answer.

The Steps Involved in Testing Goodwill for Impairment Using ASPE