According to International Financial Reporting Standards (IFRS), the level of testing for goodwill impairment is the:
A) Reporting unit.
B) Subsidiary companies.
C) Cash-generating unit.
D) None of these answer choices are correct.

Question

Quizplus · Accepted Answer

Under IFRS, goodwill impairment testing is performed at the level of the cash-generating unit or group of cash-generating units to which goodwill has been allocated.

According to International Financial Reporting Standards (IFRS), the Level of Testing