ASC 350 Intangibles—Goodwill and Other
E123142
ASC 350 Intangibles—Goodwill and Other is a U.S. GAAP accounting standard that provides guidance on the recognition, measurement, and impairment testing of goodwill and other intangible assets.
All labels observed (4)
| Label | Occurrences |
|---|---|
| ASC 350 Intangibles—Goodwill and Other canonical | 2 |
| ASC Topic 350 | 1 |
| FAS 142 Goodwill and Other Intangible Assets | 1 |
| SFAS No. 142 | 1 |
How this entity was disambiguated
This entity first appeared as the object of triple T1080076 — resolving that mention is where its identity was fixed. The disambiguator weighed these candidate entities and picked the highlighted one (or “None”, minting a new entity). This is how homonymy is resolved: the same surface form can point to different entities.
NED1
Entity disambiguation (via context triple)
gpt-5-mini-2025-08-07
Target entity: ASC 350 Intangibles—Goodwill and Other Context triple: [US GAAP, includesStandard, ASC 350 Intangibles—Goodwill and Other]
-
A.
ISO 3297
ISO 3297 is the international standard that defines the structure, assignment, and use of the International Standard Serial Number (ISSN) for identifying serial publications.
-
B.
ISO 7775
ISO 7775 is an older international standard that defined message formats for securities transactions and related financial communications, later superseded by ISO 15022.
-
C.
ISO 2108
ISO 2108 is the international standard that defines the structure and use of the International Standard Book Number (ISBN) system for identifying books and related publications.
-
D.
ISO 26324
ISO 26324 is the international standard that defines the structure, syntax, and functional framework of the Digital Object Identifier (DOI) system for uniquely identifying digital content.
-
E.
ISO 10383
ISO 10383 is an international standard that defines and maintains Market Identifier Codes (MICs) used to uniquely identify securities trading venues and related entities worldwide.
- F. None of above. chosen
- G. Unsure - the case is ambiguous/there is not enough information to decide.
NED2
Entity disambiguation (via description)
gpt-5-mini-2025-08-07
Target entity: ASC 350 Intangibles—Goodwill and Other Target entity description: ASC 350 Intangibles—Goodwill and Other is a U.S. GAAP accounting standard that provides guidance on the recognition, measurement, and impairment testing of goodwill and other intangible assets.
-
A.
ISO 3297
ISO 3297 is the international standard that defines the structure, assignment, and use of the International Standard Serial Number (ISSN) for identifying serial publications.
-
B.
ISO 7775
ISO 7775 is an older international standard that defined message formats for securities transactions and related financial communications, later superseded by ISO 15022.
-
C.
ISO 2108
ISO 2108 is the international standard that defines the structure and use of the International Standard Book Number (ISBN) system for identifying books and related publications.
-
D.
ISO 26324
ISO 26324 is the international standard that defines the structure, syntax, and functional framework of the Digital Object Identifier (DOI) system for uniquely identifying digital content.
-
E.
ISO 10383
ISO 10383 is an international standard that defines and maintains Market Identifier Codes (MICs) used to uniquely identify securities trading venues and related entities worldwide.
- F. None of above. chosen
Statements (47)
| Predicate | Object |
|---|---|
| instanceOf |
FASB Accounting Standards Codification Topic
ⓘ
U.S. GAAP accounting standard ⓘ |
| allows | qualitative assessment of goodwill impairment (step zero test) ⓘ |
| appliesTo |
U.S. GAAP reporting entities
ⓘ
not-for-profit entities ⓘ private companies ⓘ public business entities ⓘ |
| codifiedFrom |
FAS 142 Goodwill and Other Intangible Assets
ⓘ
linked to:
ASC 350 Intangibles—Goodwill and Other
|
| defines | reporting unit for goodwill impairment testing purposes ⓘ |
| governs |
accounting for goodwill
ⓘ
accounting for other intangible assets ⓘ |
| issuedBy | Financial Accounting Standards Board ⓘ |
| objective | to provide guidance on accounting for goodwill and other intangible assets under U.S. GAAP ⓘ |
| partOf | FASB Accounting Standards Codification ⓘ |
| prohibits | amortization of goodwill ⓘ |
| providesGuidanceOn |
determination of useful life of intangible assets
ⓘ
impairment testing of goodwill ⓘ impairment testing of intangible assets other than goodwill ⓘ measurement of goodwill ⓘ measurement of intangible assets other than goodwill ⓘ reassessment of useful life of intangible assets ⓘ recognition of goodwill ⓘ recognition of intangible assets other than goodwill ⓘ subsequent measurement of acquired intangible assets ⓘ subsequent measurement of goodwill after a business combination ⓘ |
| relatedTo |
ASC 360 Property, Plant, and Equipment
ⓘ
ASC 805 Business Combinations ⓘ |
| requires |
allocation of goodwill to reporting units
ⓘ
annual impairment testing of goodwill for most entities ⓘ disclosure of changes in carrying amount of goodwill ⓘ disclosure of goodwill by reportable segment for public entities ⓘ disclosure of impairment losses recognized for goodwill ⓘ disclosure of impairment losses recognized for intangible assets ⓘ finite-lived intangible assets to be amortized over their useful lives ⓘ finite-lived intangible assets to be tested for impairment when indicators exist ⓘ goodwill to be tested for impairment at least annually ⓘ goodwill to be tested for impairment upon triggering events ⓘ indefinite-lived intangible assets to be tested for impairment annually ⓘ indefinite-lived intangible assets to be tested for impairment upon triggering events ⓘ quantitative goodwill impairment test when qualitative test indicates potential impairment ⓘ recognition of impairment loss when carrying amount exceeds fair value ⓘ |
| scopeExcludes |
deferred tax assets
ⓘ
financial assets ⓘ lease assets accounted for under ASC 842 ⓘ pension and other postretirement benefit assets ⓘ |
| scopeIncludes |
goodwill acquired in a business combination
ⓘ
internally developed intangible assets subject to specific guidance ⓘ |
How these facts were elicited
The pipeline generated the facts above by prompting gpt-5.1 with this entity's name + description and the instruction below.
Instruction
You are a knowledge base construction expert. Given a subject entity and a description of it, return factual statements that you know for the subject as a JSON list of dictionaries(triples), where keys must be "subject", "predicate" and "object". The number of facts may be very high, between 25 to 50 or more, for very popular subjects. For less popular subjects, the number of facts can be very low, like 5 or 10. # Requirements - If you don't know the subject at all, return an empty list. - If the subject is not a named entity, return an empty list. - Include at least one triple where predicate is "instanceOf". - Do not get too wordy. - Separate several objects into multiple triples with one object.
Input
Subject: ASC 350 Intangibles—Goodwill and Other Description of subject: ASC 350 Intangibles—Goodwill and Other is a U.S. GAAP accounting standard that provides guidance on the recognition, measurement, and impairment testing of goodwill and other intangible assets.
Referenced by (5)
Full triples — surface form annotated when it differs from this entity's canonical label.
ASC 350 Intangibles—Goodwill and Other
→
codifiedFrom
→
FAS 142 Goodwill and Other Intangible Assets
ⓘ
linked to: ASC 350 Intangibles—Goodwill and Other
linked to: ASC 350 Intangibles—Goodwill and Other
linked to: ASC 350 Intangibles—Goodwill and Other