a. Combined entity level b.
b. Transaction level
c. Consolidated level
d. Reporting unit level
e. Goodwill is amortized, so it does not undergo impairment testing
83. Which of the following about C* is true?
a. It is done every ycar, including year 1 of the consolidation entries.
b. It is only done if the parent company uses the equity method.
c. The JE involves the subsidiary's retained earnings and investment account of the parent.
d. ???It is only done in year 2 and forward.
e. ???It is necessary to help adjust the company's goodwill on the acquisition.
84. Which of the following is true about the consolidation methods?