As Part of Adopting IFRS,goodwill Acquired in a Business Combination

question 17

Multiple Choice

As part of adopting IFRS,goodwill acquired in a business combination is no longer amortised.Instead,the acquirer shall test goodwill for impairment (IFRS 3 Business Combinations) .When is goodwill considered to be impaired?

• A)If the recoverable amount of the cash generating unit is greater than the unit's carrying amount.
• B)If the recoverable amount of the cash generating unit is less than the unit's carrying amount.
• C)If the value in use of the cash generating unit is greater than the unit's carrying amount.
• D)If the fair value less costs to sell is greater than the unit's carrying amount.

Apply the properties of the normal distribution to solve real-world problems.

Calculate and interpret z-values and percentages in the context of normal distribution.

Understand the impact of standard deviation and mean on the shape and location of the normal distribution.

Apply concepts of normal distribution to assess the rarity of events.

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Definitions:

Reversal Of Roles

A situation where individuals swap their roles or responsibilities within a context or activity.

Refreshments

Light snacks and drinks provided during a break in an event, meeting, or gathering to keep participants energized and engaged.

Personal Text Messages

Private digital messages exchanged between individuals through mobile or web-based platforms, typically containing informal communication.

Meeting Agenda

A detailed outline of topics, discussions, and activities planned for a meeting, intended to organize and prioritize content to ensure an efficient and productive session.