U.S.GAAP

question 147

Multiple Choice

U.S.GAAP

• A)does not allow firms to amortize goodwill in measuring net income each period.
• B)requires that an annual test for impairment in the value of goodwill be performed each period.
• C)requires the write-down of goodwill and recognition of an impairment loss if an impairment in the value of goodwill exists.
• D)all of the above
• E)none of the above

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Definitions:

Test-Statistic

A value calculated from sample data during hypothesis testing used to determine whether to reject the null hypothesis.

P-Value

the probability of obtaining test results at least as extreme as the ones observed during the study, assuming that the null hypothesis is correct.

Sample Size

The quantity of data points or observations gathered or chosen from a group to conduct statistical evaluation.

Illogical

Characterized by lack of reasonable or sensible thought; inconsistent with principles of logic.