Sloan Corporation is performing its annual test of the impairment of goodwill for its Financing reporting unit. It has determined that the fair value of the unit exceeds it carrying value. Which of the following is correct concerning this test of impairment?

  1. Impairment is not indicated and no additional analysis is necessary.
  2. Goodwill should be written down as impaired.
  3. The assets and liabilities should be valued to determine if there has been an impairment of goodwill.
  4. Goodwill should be retested at the entity level.