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sattari [20]
3 years ago
10

If both an asset group and goodwill in one of a company's reporting units have to be tested for impairment, which of the followi

ng statements is correct regarding impairment testing and impairment losses?A. The other asset group should be tested for an impairment loss before goodwill is tested.B. Impairment testing may be conducted concurrently for the other asset group and goodwill.C. If the other asset group is impaired, the loss should not be recognized prior to goodwill beingtested for impairment.D. If goodwill is impaired, the loss should be recognized prior to testing the other assets for impairment.
Business
1 answer:
irga5000 [103]3 years ago
3 0

Answer: A. The other asset group should be tested for an impairment loss before goodwill is tested.

Explanation:

According to the IFRS standards, it is important and necessary to revalue your assets according to their net realizable value, i.e, assets should be reported after deducting accumulated depreciation or amortization in the case of goodwill. In the case of inventory, NRV should be calculated by estimating impairments.

The other asset groups are tested to check for impairment loss and later the goodwill is tested.  

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Answer:

The correct answer is letter "E": None of the above.

Explanation:

Microeconomics deals with the economic choices of individuals and small companies. Jointly, these individual decisions influence the demand for and supply of goods and services in the economy. One of the subjects most discussed in microeconomics is the supply, demand and equilibrium model.

A)<em> Global warming research turns out to correctly predict the weather in the future. (No major impact in economy)</em>

B)<em> The dictator of a country builds ten new airports. (Macroeconomic)</em>

C)<em> A child buys a delicious chocolate bar. (No major impact in economy)</em>

D) The country of Montenegro adopts the Euro. (Macroeconomic)

<em>None of the statements above represents a microeconomic phenomenon.</em>

4 0
3 years ago
Suppose that the total revenue received by a company selling basketballs is $600 when the price is set at $30 per basketball and
NemiM [27]
You would get 20 basketballs at $30 and 30 basketballs at $20.
4 0
2 years ago
A speculator purchases a put option for a premium of $4, with an exercise price of $30. The stock is presently priced at $29, an
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Answer: - $3

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We should note that the holder of a put will gain when the share price is below the exercise price.

Since the gain with regards to the question is ($30 - $29) = $1 and the premium paid is 4, then the maximum profit per unit will be:

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3 years ago
What are eggs, toilet paper, and candy bars example of?
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<span>The correct option is B. Convenience goods are those goods that are widely available and are often frequently bought with minimal efforts. Convenience goods appeal to large market, they are relatively cheap and consumers bought them with little or no planning. </span>
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<u>Answer:</u>

<em>"Life is the sum of all of your choices." This quote is something to think about, and could be taken in many different ways. Life takes you in different paths and during those paths you have to make lots of choices. some could be easy and some could be hard. some of those harder choices can turn out to be a mistake. maybe even the easy ones. your choices throughout life determines whether you would have it easy or hard, regret or fulfill, ior even just look back an say, "I wish I would have never done that choice" or "I'm so happy my choice made my life easier, better, and happier." that's how I would take it, however it can be determined in a very different way depending on the person. though I believe this would be the best answer.</em>

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3 years ago
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