In Relation to the Impairment of Assets,AASB 136 Impairment of Assets,requires

question 23

Multiple Choice

In relation to the impairment of assets,AASB 136 Impairment of Assets,requires the following disclosures for each class of assets:
I The line of the income statement in which impairment losses are included.
II The amount of reversals of impairment losses during the period.
III The amount of impairment losses recognised directly in equity.
IV The beginning and ending balances of any 'provision for impairment' account.

• A)I,II,III and IV
• B)I,II and III only
• C)II and IV only
• D)IV only.

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