A Cash Generating Unit Has the Following Values; Goodwill =

question 3

Multiple Choice

A cash generating unit has the following values; Goodwill = €30,Property =€60 & Plant = €90.An impairment loss of €45 is suffered.After allocation of the impairment loss what is the carrying value of the property?

• A)€54
• B)€45
• C)€30
• D)€15

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Definitions:

Journal Page

A journal page refers to a sheet or electronic page in an accounting ledger where financial transactions are chronologically recorded.

Cash Advance

A short-term loan from a bank or alternative lender, often accessed through a credit card.

Assets

Resources owned or controlled by a business, expected to produce economic value or future benefits for the company.

Owner's Equity

The amount of ownership interest that the owner of a sole proprietorship or partners in a partnership have in their business, similar to stockholders' equity in a corporation.