Question
How is goodwill initially measured in a business combination?
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Answer
Consideration transferred plus NCI plus prior interest, less net assets acquired.
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Question
How is goodwill impairment measured under the current one-step model?
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Answer
Carrying amount minus fair value, capped at goodwill.
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Question
Can goodwill impairment be reversed later?
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Answer
No reversal is allowed.
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Question
What kinds of events can trigger an impairment test for goodwill or an indefinite-lived intangible?
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Answer
Declining cash flows, loss of customers, market-cap decline, adverse legal actions, or disposal plans.
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