Which of the Following Is Not a Required Disclosure Requirement

question 117

Multiple Choice

Which of the following is not a required disclosure requirement under both U.S.GAAP and IFRS?

• A)The events and circumstances that led to the recognition of the impairment.
• B)The method used to estimate the fair value of the asset.
• C)The amount of any impairment loss reversal if not separately disclosed in the income statement.
• D)The asset that was impaired.

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Definitions:

Genetic Factors

The traits and conditions determined by an individual's DNA and hereditary influences.

Environmental Factors

Aspects of the surroundings that can influence an individual's or population's physical, emotional, and cognitive development or well-being.

Personality Measures

Tools or tests designed to quantitatively assess individual characteristics and differences in personality.

Subjective

Based on personal feelings, tastes, or opinions rather than external facts or evidence.