Under IFRS,the firm repots a loss from impairment of goodwill when ________.

Question

Quizplus · Accepted Answer

According to IFRS, a loss from impairment of goodwill should be reported when the recoverable amount of the cash-generating unit is less than the carrying value of the cash-generating unit. This means that the value of the unit's assets is less than the amount that has been recorded on the balance sheet, which indicates that the goodwill has been impaired. Therefore, option A is the correct choice.

Under IFRS,the Firm Repots a Loss from Impairment of Goodwill