Under IFRS, to Determine If There Is an Impairment Loss

question 20

Multiple Choice

Under IFRS, to determine if there is an impairment loss, compare the

• A)fair value of the identifiable assets to the book value of the assets.
• B)fair value of the reporting unit to the carrying value of the reporting unit.
• C)imputed current fair value of goodwill with the carrying value of goodwill.
• D)carrying amount of the CGU with the recoverable amount.

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Definitions:

Diabetes Insipidus

A disorder marked by an imbalance of water in the body, leading to intense thirst and the production of large amounts of urine.

ADH

Antidiuretic hormone, a peptide hormone that regulates the amount of water reabsorbed by the kidneys.

Aldosterone

A steroid hormone produced by the vertebrate adrenal cortex; stimulates sodium reabsorption. See mineralocorticoids.

Ammonia

A compound of nitrogen and hydrogen with the formula NH3, commonly used as a fertilizer and in various industrial processes.