alleryStart learning →A goodwill loss reversal because of a changed discount rate is:
ANot permitted by the standard
BPermitted in full without limit
CPermitted up to the original cost
DPermitted only for listed companies
Answer & Solution
Correct answer: A. Not permitted by the standard
The standard does not allow goodwill loss to be reversed for changes in estimates such as discount rate or cash flow amount and timing.
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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: