How is the impairment test carried out for an associate?       A. The goodwill is impairment tested individually.       B. The entire carrying amount of the investment is tested for impairment by comparing the recoverable amount with the carrying amount.       C. The carrying amount of the investment shall be compared with the market value.       D. The recoverable amounts of all investments in associates shall be associated together.

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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How is the impairment test carried out for an associate?
 
 
 
A. The goodwill is impairment tested individually.
 
 
 
B. The entire carrying amount of the investment is tested for impairment by comparing the recoverable amount with the carrying amount.
 
 
 
C. The carrying amount of the investment shall be compared with the market value.
 
 
 
D. The recoverable amounts of all investments in associates shall be associated together.
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