Impairment losses on goodwill are NEVER reversed.

Name: Impairment losses on goodwill are NEVER reversed.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Goodwill impairment losses are not reversed if the fair value of the cash-generating unit to which the goodwill has been allocated increases in subsequent periods. This is in accordance with accounting standards such as IFRS (International Financial Reporting Standards) and generally accepted accounting principles (GAAP).

Impairment Losses on Goodwill Are NEVER Reversed