[Verse 1] When companies merge and the purchase price soars Above the fair value of tangible stores The excess amount gets a special name Goodwill appears in the balance game It captures the brand, the customer base The synergies born from this corporate embrace [Chorus] Good-will hunting every single year Test for damage when the fog's not clear If the book exceeds what markets say Write it down, impairment day Good-will hunting, can't ignore Fair value less than what you swore [Verse 2] Annual testing keeps the numbers true Step one compares what the unit's due If fair value beats the carrying cost No impairment, nothing's lost But when the books show more than worth Impairment charges hit the earth [Chorus] Good-will hunting every single year Test for damage when the fog's not clear If the book exceeds what markets say Write it down, impairment day Good-will hunting, can't ignore Fair value less than what you swore [Bridge] Reporting units hold the key Lowest level where cash flows free Management reviews each December Assets grouped that work together No reversals once you fall Goodwill's gone beyond recall [Verse 3] Income statements feel the sting When impairment losses ring Earnings drop but cash stays dry Non-cash charges multiply Balance sheets reveal the truth Goodwill's lost its golden youth [Chorus] Good-will hunting every single year Test for damage when the fog's not clear If the book exceeds what markets say Write it down, impairment day Good-will hunting, can't ignore Fair value less than what you swore [Outro] Acquisition dreams can fade away Impairment testing saves the day Keeps financial statements clean Shows exactly what things mean
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