Answer:
a) Decrease goodwill by $13,000
Explanation:
In IFRS, whenever recoverable amount of a cash generating unit is less than the carrying amount, an impairment loss is recognized. After calculating an impairment loss, it is then allocated to the carrying amount of Cash generating unit's goodwill.
Impairment loss in this case is = Total carrying amount - Recoverable amount of CGU = $45,000 - $32,000 = $13,000. Hence, the impairment loss will be allocated to the carrying value of the goodwill, leading to decrease in goodwill by $13,000.
Answer:
1. U. None of these
2. Variable overhead price variance = $2,000 F
Variable overhead efficiency variance = $4,000 U
Explanation:
Please see attachment.
Can you provide potential answers? And in case you need a written answer here is one that is not plagiarized!
Budgeting helps you track what you spend and helps you save money. When you are on a budget, you make better financial decisions and spend smarter.
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Hope this helped.
Answer:
The correct answer is letter "A": It earns interest, plus it earns interest on the interest.
Explanation:
In banking, <em>the money individuals save in their accounts is used by the financial institutions in different investment instruments </em>being the most basic lending those sources to other individuals or institutions. Account-holders, though, benefit from the interest rate set at the moment of selecting their bank accounts. If a compounded interest rate was chosen, <em>the account holder will get interest over the interest that the bank computes periodically</em>.
