Which Is Not a Source of Information That Would Be

question 24

Multiple Choice

Which is not a source of information that would be used as an indicator of impairment?

• A)Adverse changes in the technological competitive or legal environment of the entity.
• B)Market value of asset has increased more than would be expected from normal aging.
• C)Market value of asset has decreased more than would be expected from normal aging.
• D)The market value of the entity as a whole is less than the carrying value of its net assets.

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Definitions:

Catgut

A type of cord previously made from the natural fibers in the intestines of sheep or other animals, commonly used in making strings for musical instruments or surgical sutures.

Derived Demand

The demand for a factor of production or intermediate good that results from the demand for another intermediate or final good.

Retained Earnings

Profits that a company has earned to date, less any dividends or other distributions paid to shareholders.

Venture Capital

Capital provided by investors to startups and small enterprises deemed to possess significant potential for long-term expansion.