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Ind AS 36 disclosure: if any portion of GOODWILL acquired in a business combination during the period has not been allocated to a CGU/group of CGUs at the end of the reporting period, the entity must disclose:
ABoth the AMOUNT of unallocated goodwill AND the REASONS for the unallocated status
BOnly the amount of goodwill
CNo disclosure required if allocation is in progress
DOnly the reasons
Answer & Solution
Correct answer: A. Both the AMOUNT of unallocated goodwill AND the REASONS for the unallocated status
Ind AS 36 paragraph 133 disclosure: amount unallocated + reasons. Provides users visibility into incomplete BC accounting.
Related questions
Identify the statement about CGU disclosure under Ind AS 36 that is INCORRECT.When an impairment loss recognised in a prior period for a CGU is REVERSED:When an impairment loss is allocated within a CGU, the order of allocation under Ind AS 36Multiple CGUs share the SAME key assumption (e.g. growth in a common end market) and the AAn entity's CGU recoverable amount is based on VIU. The discount rate disclosure required An entity uses a SENSITIVITY disclosure when a reasonably possible change in a key assumptWhen projecting cash flows beyond the period covered by management's most recent budgets/fWhen an entity discloses a CGU to which significant goodwill is allocated and recoverable