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ACC 497 Week 4 Team – Goodwill Adjustments Paper
Discuss the following with your team:
Client X contacted you for clarification and recommendations regarding the instances when goodwill should be adjusted for impairment.
Write a team consensus response of 525 to 700 words to include the following:
- Provide detailed rational of why goodwill must be adjusted for impairment.
- List the tests for impairment.
- Explain the meaning of a non cash impairment charge.
Format your submission consistent with APA guidelines.
Submit your assignment.