alleryStart learning →A goodwill impairment loss may be reversed only if caused by:
AA change in the discount rate
BA change in projected cash flows
CA rise in the share price today
DA specific exceptional external event
Answer & Solution
Correct answer: D. A specific exceptional external event
Reversal is allowed only when the loss came from an exceptional, non-recurring external event and later external events undo its effect.
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Related questions
An enterprise applying AS 17 discloses impairment losses by:A revalued asset's market value basis and negligible disposal costs mean the asset is:For a small and medium-sized company, value in use may be measured by:Impairment of deferred tax assets is dealt with under:Disclosing key assumptions is:If recoverable amount is value in use, a material loss disclosure includes:A class of assets under AS 28 means a grouping of assets of:AS 28 disclosures of impairment losses are required for each: