Frontier Communications 2011 Annual Report Download - page 44

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FRONTIER COMMUNICATIONS CORPORATION AND SUBSIDIARIES
41
not that the fair value of the reporting unit is less than its carrying value, then the traditional two-step goodwill impairment
test must be performed. While ASU 2011-08 is effective for annual and interim goodwill impairment tests performed for
fiscal years beginning after December 15, 2011, early adoption is permitted. The Company performed its annual impairment
test during the fourth quarter ending December 31, 2011. The Company adopted ASU 2011-08 during 2011 with no material
impact on our financial position, results of operations or cash flows.