Which of the Following Factors Would Most Likely Trigger the Need

question 28

Multiple Choice

Which of the following factors would most likely trigger the need for impairment testing on the recorded goodwill of a nutritional products company?

• A)the FDA halts the distribution of the acquired subsidiary's only product.
• B)management hires a new tax director at the corporate level.
• C)there is no doubt about the acquired subsidiary's ability to continue as a going concern.
• D)goodwill testing occurred eight months previously.