Which of the Following Statement(s)in Regard to Goodwill Is/are Correct

question 24

Multiple Choice

Which of the following statement(s) in regard to goodwill is/are correct in accordance with AASB 136 "Impairment of Assets"?

• A) An impairment loss must be recognised when the carrying amount of a cash-generating unit exceeds it recoverable amount.
• B) An impairment loss recognised may be reversed in subsequent period.
• C) Value in use is the present value of future cash flows expected to be derived from a cash-generating unit.
• D) All of the given answers.
• E) An impairment loss must be recognised when the carrying amount of a cash-generating unit exceeds it recoverable amount and an impairment loss recognised may be reversed in subsequent period.

Understand how investment impacts economic growth.

Describe the conditions for full employment and how they relate to the production possibilities frontier.

Recognize the factors that can cause shifts in or movements along the production possibilities frontier.

Understand the role and characteristics of entrepreneurship in economic success.

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Definitions:

Repetitive-motion Injury

Physical harm or damage resulting from the repeated movement or strain of a particular part of the body, commonly occurring in the workplace.

Carpal Tunnel Syndrome

A medical condition caused by the compression of the median nerve as it travels through the wrist at the carpal tunnel, leading to numbness, tingling, and weakness in the hand.

Burnout

The most severe stage of distress, manifesting itself in depression, frustration, and loss of productivity.

Eustress

Positive stress that accompanies achievement and exhilaration.