ACC497 Week4 Auditing Environment
Learning Team: Goodwill
ACC497 Week4: Discuss with your team the following case study:
Client X contacted you for clarification and recommendations regarding the instances when goodwill should be adjusted for impairment.
Write a team consensus response of 525 to 700 words to include the following:
- Provide detailed rational of why goodwill must be adjusted for impairment.
- List the tests for impairment.
- Explain the meaning of a non cash impairment charge.
Format your submission consistent with APA guidelines.
This assignment contains a Microsoft Word document.
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