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How does the accounting alternative differ

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Question - Goodwill Accounting Alternative An "accounting alternative" is available within the Goodwill topic of the Codification (ASC 350-20), specifically as it relates to the subsequent measurement of goodwill. Locate this alternative, and explain:

1) What measurement approach does the accounting alternative permit?

2) What types of companies are eligible to apply this accounting alternative, and where did you locate this information?

3) How does the accounting alternative differ from the measurement requirements for companies that do not (or cannot) elect this treatment?

4) What was the effective date for this guidance, and where did you locate this information?

Reference no: EM132995027

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