Which of the following statement is correct regarding impairment of goodwill?
A)Impairment of goodwill is tested at least annually under IFRS but not U.S.GAAP by comparing the carrying amount to recoverable value.
B)Under IFRS,Goodwill is allocated to cash generating units and can be larger than an operating segment.
C)Under U.S.GAAP,Goodwill is allocated to reporting unit level which may contain multiple cash generating units.
D)None of the above.

Question

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The Answer of Which of the following statement is correct regarding impairment of goodwill?
A)Impairment of goodwill is tested at least annually under IFRS but not U.S.GAAP by comparing the carrying amount to recoverable value.
B)Under IFRS,Goodwill is allocated to cash generating units and can be larger than an operating segment.
C)Under U.S.GAAP,Goodwill is allocated to reporting unit level which may contain multiple cash generating units.
D)None of the above.

Which of the Following Statement Is Correct Regarding Impairment of Goodwill