03 08 goodwill-defined 2021 Related Topics 
Cherry Bekaert
OCTOBER 25, 2023
The Financial Accounting Standards Board (FASB) has issued Accounting Standard Update (ASU) 2023-03 through ASU 2023-06. 120 Staff Announcement at the March 24, 2022 EITF Meeting ASU 2023-03 This Update amends certain Codification guidance specific to SEC filers. Thus, this could result in goodwill being recognized.
Cherry Bekaert
JANUARY 29, 2024
The ASU does not define the term “significant” or “regularly provided.” For example, Segment A Revenue 100,000,000 COGS 80,000,000 Sales & Marketing 10,000,000 Other Segment Items* 7,500,000* EBITDA 2,500,000 * Other segment items include legal and professional costs, bad debt expense and goodwill impairment.
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