alleryStart learning →Why is reversal of goodwill impairment prohibited?
AIt would raise taxes
BGoodwill has no value
CA rise is likely own goodwill
DAuditors cannot verify it
Answer & Solution
Correct answer: C. A rise is likely own goodwill
Ind AS 38 bars internally generated goodwill, and a later increase in recoverable amount of goodwill is likely such goodwill.
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