Under IFRS, to Determine If There Is an Impairment of Goodwill

question 68

Multiple Choice

Under IFRS, to determine if there is an impairment of goodwill, compare the

• A) fair value of the identifiable assets to the book value of the assets.
• B) fair value of the reporting unit to the carrying value of the reporting unit.
• C) imputed current fair value of goodwill with the carrying value of goodwill.
• D) carrying amount of the CGU with the recoverable amount.

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Definitions:

Physical Activity

Any bodily movement produced by skeletal muscles that requires energy expenditure, contributing to health and well-being.

Responsible Mental Behavior

Responsible mental behavior refers to actions or thought processes that are guided by an awareness of the consequences and the willingness to accept responsibility for one’s mental wellbeing.

Health Disparities

Differences in health outcomes and determinants between different segments of the population, often influenced by social, economic, and environmental disadvantages.

Healthy Life

A state of complete physical, mental, and social well-being, not merely the absence of disease or infirmity, often achieved through balanced diet, exercise, and healthy lifestyle choices.