At Reporting Date,the Carrying Amount of a Cash-Generating Unit Was

question 16

Multiple Choice

At reporting date,the carrying amount of a cash-generating unit was considered to be have been impaired by $800.The unit included the following assets: Land $4000; Plant $3000; Goodwill $1000.The carrying amount of Goodwill after the impairment loss is allocated is:

• A)$0
• B)$200
• C)$900
• D)$1000.

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Definitions:

Statistical Quality Control

A methodology that uses statistical methods to monitor and control production processes to ensure that quality standards are met.

Acceptability of Results

The degree to which outcomes or findings are considered valid, appropriate, or satisfactory by stakeholders or the intended audience.

Taking Samples

Involves collecting a subset of data or elements from a larger population or set, to analyze and draw conclusions about the whole, commonly used in research and quality control.

Critical Path

The shortest possible time in which an entire project can be completed if all project tasks go according to plan. It is the path ‘with no slack’.