alleryStart learning →The ban on reversing interim goodwill impairment is extended by analogy to other areas:
ATo all assets
BTo inventories only
CTo no other areas
DTo liabilities only
Answer & Solution
Correct answer: C. To no other areas
The appendix expressly bars extending the goodwill principle by analogy to other possible conflicts between Ind AS 34 and other standards.
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Related questions
A reporter more frequent than half-yearly measures income and expenses on what basis?Versus IAS 34, Ind AS 34 allows profit and loss in:Ind AS 34 Appendix A on interim reporting and impairment matches which interpretation?Ind AS 36 states that an impairment loss recognised for goodwill:Goodwill impairment booked in an interim period is later:Why must a policy change cover the whole financial year?A change in accounting policy at an interim date is reflected by:Compared with annual reports, interim reports generally require: