Parent has recorded goodwill associated with an acquisition that was completed in late 2019. It is now the end of 2020 and the parent is doing the qualitative test for possible impairment. Parent determines that it is more likely than not that the fair value of the subsidiary is less than the book value of the subsidiary. What must the parent do with regard to performing the quantitative goodwill impairment test.
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Parent has recorded goodwill associated with an acquisition that was completed in late 2019. It is n...
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