1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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.  

You might be interested in
When her salespeople bring in five new customers, marissa gives them a $1,000 payment. this is an example of a?
Shalnov [3]
Its an example of profit sharing
4 0
3 years ago
In order to improve the cash flow of the company, neal emerald decided to postpone depositing all employment taxes a few months
jok3333 [9.3K]

The correct answer to this open question is the following.

No, it is not ethical.

The risks that Emerald faces by not upholding his responsibility for the collection and payment of employment taxes is that, first of all, this is not correct. He has an obligation, a moral and a fiscal obligation to report on time the employment taxes. That is why his actions are not ethical although he indeed does pay before he gets caught. That decision could be a business decision to buy some time and trying t fix other problems, but a true leader does not need to cover things with wrongdoings. What can of example is he showing to his employees?

Later on, on another occasion, he won't have the moral authority to demand ethical behavior from his employees. He is not setting an example.

5 0
3 years ago
What do you understand by Ranger?​
NeX [460]

Answer:

A ranger is a person who takes care of a park or piece of land.  

Explanation:

Is there a story or reading that you would like to request support with that concerns the word Ranger?

6 0
1 year ago
Bill wants to give Maria a $630,000 gift in 3 years. If money is worth 6% compounded semiannually, what is Maria's gift worth to
olga_2 [115]

Answer:

$527,615.08

Explanation:

The formula that describes the present value of an investment compounded semiannually is:

PV = \frac{FV}{(1+\frac{r}{2}^{(2*t)})}

For a future value of $630,000 obtained at a 6% annual rate for 3 years, the present value is:

PV = \frac{630,000}{(1+\frac{6}{2}^{(2*3)})}\\PV=\$527,615.08

Maria's gift is worth $527,615.08 today.

5 0
3 years ago
Idaho Industries Inc. is considering a project that has an initial aftertax outlay or aftertax cost of​ $450,000. The respective
lozanna [386]

Answer:

c

Explanation:

Internal rate of return is the discount rate that equates the after tax cash flows from an investment to the amount invested

IRR can be calculated using a financial calculator

Cash flow in year 0 =  $-450,000

Cash flow each year from year 1 to 4 = $95,000

Cash flow in year 5 = $95,000 + $60,000 = $155,000

IRR = 5.62%

Idaho would reject the project because the IRR is less than the hurdle rate

To find the IRR using a financial calculator:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. After inputting all the cash flows, press the IRR button and then press the compute button.  

7 0
2 years ago
Other questions:
  • If during the signing appointment the borrower divulges that the property being financed is an investment property, while the lo
    12·1 answer
  • Roger Rabbit Enterprises is considering whether to discontinue a division that generates a total contribution margin of $66,000
    6·1 answer
  • A system stabilized by negative feedback, with opposing processes offsetting each other, is said to be in ________. Group of ans
    13·1 answer
  • Who is that please???
    14·2 answers
  • Identify the three branches of the federal government and the role of each branch with regard to equal employment opportunity.
    11·1 answer
  • Look at the circular flow diagram. Choose and define an environmental issue. Using the diagram as a guide, explain how the envir
    9·1 answer
  • Reasons for the formation of partnership
    7·1 answer
  • A multinational automobile manufacturer issues a public statement that the company's vehicle emissions tests had been falsified
    15·1 answer
  • an employee is leaving your company. which of these steps are appropriate to take during offboarding? check all that apply.
    13·1 answer
  • List the five elements of a firm's macroenvironment, and illustrate how each element affects the firm.
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!