How Often Should Goodwill Acquired in a Business Combination Be

question 16

Multiple Choice

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.

---

Definitions:

Big Five

A model describing human personality as composed of five broad traits: openness, conscientiousness, extraversion, agreeableness, and neuroticism.

Abraham Maslow

A psychologist known for creating Maslow's hierarchy of needs, a theory in psychology regarding human motivation.

Free Will

The concept that individuals have the ability to make choices that are not predetermined by past events, genetics, or environment.

Rollo May

An American existential psychologist who emphasized the importance of anxiety, love, and courage in human behavior.