Addresses goodwill and other intangible assets

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Reference no: EM132302052

NEED ANSWER ASAP

a) Identify the accounting that literature that addresses goodwill and other intangible assets.

b) Define goodwill.

c) Is goodwill subject to amortization? Explain.

d) When goodwill is recognized by a subsidiary, should it be tested for impairment at the consolidated level or the subsidiary level? Discuss.

Reference no: EM132302052

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