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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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Wilvade Inc. has modified the work timings for its employees. The employees of the company believe that the new timings are inco
Fiesta28 [93]

Answer:

a. empathetic listening

Explanation:

Empathetic listening is trying to understand the point the other person is trying to make and connect with him/her. An important characteristic is to listen to the other person without judging to be open to what is being said and really understand. So, the management of Wilvade Inc. is most likely using empathetic listening because they are trying to understand the employees concers and they want to address the situation.

6 0
3 years ago
The Assembly Department started the month with 24,900 units in its beginning work in process inventory. An additional 309,900 un
OleMash [197]

Answer:

304900 units should be transferred to the next processing department during the month.

Explanation:

Work in process : As a name suggest, the Work in process (WIP) is a process in which the work is in under processing or we can say it is not 100 % completed. It can be incomplete in any cycle .

It includes various cost like - direct material , direct labor, overhead, etc.

To find out how much units is to be transferred, the following equation is used which is shown below.

= Opening Work in process inventory + Purchase of inventory - closing work in progress inventory

= 24,900 units + 309,900 units - 29,900 units

= 304900 units

Thus, 304900 units should be transferred to the next processing department during the month.

6 0
3 years ago
Dash Plumbing is an established company with 12 employees and a small office in the suburbs of Atlanta. The company had an old c
olganol [36]

Answer:

The people at dash plumbing are in the market for a new copier

Explanation:

Since in the question it is mentioned that Dash publishing is an established company that has 12 employees and has a small office in Atlanta. Also the old copier breaks down and the resources to purchase

So the given situation represent that the dash plumbing people come in the market for a new copier and the same is to be considered

7 0
3 years ago
HELP I AM CONFUSED!!!
SOVA2 [1]
The first is B. the second is C.
7 0
3 years ago
Katy Mills Mall contains two department stores, numerous specialty stores, a multi-screen movie theater, and various restaurants
ElenaW [278]

Because it does not contain any convenience stores, Katy Mills Mall is an example of a(n) _____ shopping center.

  • <u>Regional</u>

<u />

A regional shopping center is a large shopping area which is meant to provide goods and services to people living in a particular area or state and must contain at least a departmental store, and any number of speciality stores.

According to the given question, we are told that Katy Mills Mall has two department stores  which are specialty stores, a movie theater and various restaurants.

However, because this shopping center does not contain any convenience stores, then it is a regional shopping center

Therefore, the correct answer is Regional

Read more here:

brainly.com/question/16027423

4 0
2 years ago
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