Goodwill recognized in a business combination must be allocated among a firm's identified reporting units. if the fair value of a particular reporting unit with recognized goodwill falls below its carrying amount, which of the following is true? a. no goodwill impairment loss is recognized unless the implied value for goodwill exceeds its carrying amount. b. the reporting unit reduces the values assigned to its long-term assets (including any unrecognized intangibles) to reflect its fair value. c. a goodwill impairment loss is recognized for the difference between the reporting unit's fair value and carrying amount. d. a goodwill impairment loss is recognized if the carrying amount for goodwill exceeds its implied value.

What is the connection between digital transformation and customer experience

Lincoln company has an accounting policy for internal reporting purposes whereby the costs of any research and development projects that are over 70 percent likely to succeed are capitalized and then depreciated over a five-year period with a full year of depreciation in the year of capitalization. in the current year, $400,000 was spent on project one, and it was 55 percent likely to succeed, $600,000 was spent on project two, and it was 65 percent likely to succeed, and $900,000 was spent on project three, and it was 75 percent likely to succeed. in converting the internal financial statements to external financial statements, by how much will net income for the current year have to be reduced? a. $180,000b. $380,000c. $720,000d. $900,000

The state troopers in one state have a motto, “nine you’re fine; ten you’re mine,” which is the standard that they use for pulling over speeders on the state highways. in other words, if the posted speed limit is 55 mph, drivers can drive at a rate up to 64 mph without fear of getting a ticket. which of the following best describes the ethical culture in the state? a. the troopers are following a standard of positive law. b. the troopers are following a normative standard. c. the troopers are following a headline test. d. the troopers are following the blanchard/peale standard.