Goodwill impairment occurs when an asset's carrying value exceeds its fair market value. It's like finding out your sandwich was a little less tasty than you expected!
Identifiable assets are assets that can be measured at a given point in time and are expected to provide future benefits to a company. They play a crucial role in mergers and acquisitions.
Shadow pricing is the fancy way to assign a dollar value to things that usually donโt get one. Just think of it as the financial worldโs way of saying, โHey, this is important โ letโs put a price on it!โ