Greg Franceschi, Managing Director and Global Leader of the Financial Reporting Practice and Office of Professional Practice at Duff and Phelps, was recently quoted in a Bloomberg Tax article titled, “Coronavirus Triggers Goodwill Markdowns in Hard-Hit Industries.”

The article highlights how businesses are being forced to mark down goodwill on their balance sheets for Q2 2020.Talking about the impact of COVID-19 on goodwill, Greg said, “The longer it goes, the more impairments you will see because the damage will become extreme for companies.”

Read the full article here.

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