Under IFRS for impairment testing, the smallest identifiable group of assets that provides cash inflows is called a(n) ________.
A) reporting unit
B) operating unit
C) cash-providing unit
D) cash-generating unit

Question

Quizplus · Accepted Answer

Under IFRS, the smallest identifiable group of assets that generates cash inflows largely independent of the cash inflows from other assets or groups of assets is called a cash-generating unit (CGU).

Under IFRS for Impairment Testing, the Smallest Identifiable Group of Assets