Under IASB for small and medium entities, goodwill:
A)is subject to impairment procedures.
B)is never adjusted.
C)is amortized over ten years.
D)is not recorded in an acquisition.

Name: Under IASB for small and medium entities, goodwill: A)is subject to impairment procedures. B)is never adjusted. C)is amortized over ten years. D)is not recorded in an acquisition.
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Question

Under IASB for small and medium entities, goodwill:
A)​is subject to impairment procedures.
B)​is never adjusted.
C)​is amortized over ten years.
D)​is not recorded in an acquisition.

Quizplus · Accepted Answer

Under IASB for small and medium entities, goodwill is amortized over a period not exceeding ten years.

Under IASB for Small and Medium Entities, Goodwill