What happens if the value of Goodwill decreases - SS2 Accounting Goodwill: Meaning Question
What happens if the value of Goodwill decreases?
A
It has no impact on the financial statements
B
It is recorded as an expense on the income statement
C
Impairment charges are recognized on the income statement
D
The value of Goodwill on the balance sheet increases
correct option: c
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