Which of the Following Statements Best Describes When Previously Recognized

question 72

Multiple Choice

Which of the following statements best describes when previously recognized goodwill impairment may be reversed?

• A) Reversals are permitted under both ASPE and IFRS.
• B) Reversals are permitted under ASPE but not IFRS.
• C) Reversals are permitted under IFRS but not ASPE.
• D) Reversals are not permitted under either IFRS or ASPE.

---

Definitions:

Brain Abnormalities

Structural or functional deviations in the brain from the normal pattern, which can impact various aspects of cognition, emotion, and behavior.

Obsessive-compulsive Disorder

A mental disorder characterized by unwanted, recurring thoughts (obsessions) and repetitive behaviors (compulsions) that the individual feels driven to perform.

Alarm Signal

A warning sign or signal indicating imminent danger or the need to take action to avoid a threat.

Obsessive-compulsive Disorder (OCD)

A mental disorder characterized by recurrent, unwanted thoughts (obsessions) and/or repetitive behaviors (compulsions) that the individual feels driven to perform.