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Will the proposed change result in an increase or a decrease

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Problem 1: Recently, the FASB has decided to eliminate goodwill amortization. Suppose certain goodwill was recognized in 2019, and consider the ?nancial statements for a subsequent year, say 2029, under the assumption there is no impairment. Will the proposed change result in an increase or a decrease to the Retained earning account? Explain.

Reference no: EM132949227

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