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QUESTION
When should a consolidated entity recognize a goodwill impairment loss?
When should a consolidated entity recognize a goodwill impairment loss?a. If both the market value of a reporting unit and its implied goodwill fall below their respective carrying values.b. Whenever the entity's market value declines significantly.c. If a reporting units market value falls below its original acquisition price.d. Annually on a systematic and rational basis.
