Which of the Following Statements in Regard to Goodwill Is/are

question 53

Multiple Choice

Which of the following statements in regard to goodwill is/are correct in accordance with IAS 36 Impairment of Assets?

• A)Goodwill may be amortised when it has a finite life.
• B)Goodwill is subjected to impairment testing every three years.
• C)Upward revaluation of goodwill is permitted as long as it is a reversal of prior years' impairment losses.
• D)None of the given statements are correct.

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