alleryStart learning →Ind AS 36 states that an impairment loss recognised for goodwill:
AIs reversible within a year
BIs reversible with approval
CIs reversible in interim periods
DShall not be reversed later
Answer & Solution
Correct answer: D. Shall not be reversed later
Paragraph 124 of Ind AS 36 forbids reversal of goodwill impairment, which is the starting point for the interim reporting question.
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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?The ban on reversing interim goodwill impairment is extended by analogy to other areas: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: