IFRS Requires Determination of an Impairment Loss for Goodwill ________

question 108

Multiple Choice

IFRS requires determination of an impairment loss for goodwill ________.

• A) when the fair value of the cash-generating unit (including goodwill) is greater than the book value of its net assets (including goodwill)
• B) when the book value of the cash-generating unit including goodwill is greater than its recoverable value
• C) annually
• D) whenever there are significant impairment indicators

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