far 8 a 1182021

  1. Under -------- impairment loss is recognized equal to the excess of the carrying amount over the recoverable amount. The recoverable amount is the greater of an asset’s (1) fair value minus cost to sell or (2) value in use. Value in use of the asset is the present value of its expected cash flows.
    Under IFRS impairment loss is recognized equal to the excess of the carrying amount over the recoverable amount. The recoverable amount is the greater of an asset’s (1) fair value minus cost to sell or (2) value in use. Value in use of the asset is the present value of its expected cash flows.
  2. Under IFRS impairment loss is recognized equal to the excess of the carrying amount over the recoverable amount. The recoverable amount is the greater of an asset’s (1) ------------------------------------------- or (2) value in use. Value in use of the asset is the present value of its expected cash flows.
    Under IFRS impairment loss is recognized equal to the excess of the carrying amount over the recoverable amount. The recoverable amount is the greater of an asset’s (1) fair value minus cost to sell or (2) value in use. Value in use of the asset is the present value of its expected cash flows.
  3. Under IFRS impairment loss is recognized equal to the excess of the carrying amount over the recoverable amount. The recoverable amount is the greater of an asset’s (1) fair value minus cost to sell or (2) --------------------------------------------------------------------------------------
    Under IFRS impairment loss is recognized equal to the excess of the carrying amount over the recoverable amount. The recoverable amount is the greater of an asset’s (1) fair value minus cost to sell or (2) value in use. Value in use of the asset is the present value of its expected cash flows.
  4. Under IFRS impairment loss is recognized equal to the excess of the carrying amount over the recoverable amount. The recoverable amount is the greater of an asset’s (1) fair value minus cost to sell or (2) value in use. Value in use of the asset is the -------------------------- of its expected cash flows.
    Under IFRS impairment loss is recognized equal to the excess of the carrying amount over the recoverable amount. The recoverable amount is the greater of an asset’s (1) fair value minus cost to sell or (2) value in use. Value in use of the asset is the present value of its expected cash flows.
  5. Under IFRS, an asset is impaired when its carrying amount exceeds its recoverable amount. The recoverable amount of an asset is
    The greater of its fair value minus cost to sell or value in use.
  6. -----------------is the present value of the asset’s expected cash flows.
    Value in use is the present value of the asset’s expected cash flows.
  7. Value in use is the present value of the asset’s ----------------------------------
    Value in use is the present value of the asset’s expected cash flows.
  8. A long-lived asset (disposal group) classified as held for sale should be accounted for by
    Adjusting only a long-lived asset for write-downs to fair value minus cost to sell or the reversal of such an adjustment
  9. When the exchange ------------------------------------ because it is not expected to change the entity’s cash flows significantly, the accounting for a nonmonetary exchange is based on the carrying amount of the assets given up.
    When the exchange lacks commercial substance because it is not expected to change the entity’s cash flows significantly, the accounting for a nonmonetary exchange is based on the carrying amount of the assets given up.
  10. When the exchange lacks commercial substance because it is not expected to change the entity’s cash flows significantly, the accounting for a -------------------------------------------------------------------------------
    When the exchange lacks commercial substance because it is not expected to change the entity’s cash flows significantly, the accounting for a nonmonetary exchange is based on the carrying amount of the assets given up.
  11. When the fair value of both assets in a nonmonetary exchange is determinable, the transaction is treated as ------------------------.
    When the fair value of both assets in a nonmonetary exchange is determinable, the transaction is treated as a monetary exchange.
  12. previously recognized impairment loss may not be reversed under -----------------------.
    previously recognized impairment loss may not be reversed under U.S. GAAP.
  13. Under ---------- an impairment loss (carrying amount > recoverable amount) on an asset (except goodwill) may be reversed if a change in the estimates used to measure the recoverable amount has occurred.
    Under IFRS, an impairment loss (carrying amount > recoverable amount) on an asset (except goodwill) may be reversed if a change in the estimates used to measure the recoverable amount has occurred.
  14. Under IFRS, an impairment loss (carrying amount > recoverable amount) on an asset (except goodwill) may be -------------- if a change in the estimates used to measure the recoverable amount has occurred.
    Under IFRS, an impairment loss (carrying amount > recoverable amount) on an asset (except goodwill) may be reversed if a change in the estimates used to measure the recoverable amount has occurred.
Author
Joens1313
ID
354238
Card Set
far 8 a 1182021
Description
far 8 a 1182021
Updated