According to IFRS 3, Which of the Following Statements Is

question 48

Multiple Choice

According to IFRS 3, which of the following statements is true about the treatment of Goodwill arising from business combinations?

• A)It is capitalized and amortized over a period of no more than 40 years.
• B)It is expensed in the year the subsidiary is acquired.
• C)It is required to be tested for impairment every year.
• D)It is amortized over between 5 and 40 years.

---

Definitions:

Physical Attractiveness

The degree to which a person's physical traits are considered aesthetically pleasing or beautiful by others.

Stigma

A mark of disgrace associated with a particular circumstance, quality, or person, often resulting in discrimination or social isolation.

Multigenerational Families

Households that include more than two generations living under the same roof, such as grandparents, parents, and grandchildren.

Over 60

refers to individuals or populations that are over the age of 60, often considered a milestone in aging.