ACC 497 Week 4 Team - Goodwill Adjustments Paper

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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.