Applying IFRS, the test for an impairment loss for long-lived assets other than nonamortized intangibles and goodwill compares the balance sheet carrying value with the asset's
a. recoverable amount.
b. sum of the undiscounted cash flows.
c. sum of the discounted cash flows.
d. expected future value.
e. fair market value.
A
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On March 1, 2018, Lewis Services issued a 6% long-term notes payable for $18,000. It is payable over a 3-year term in $6000 principal installments on March 1 of each year, beginning March 1, 2019.
Which of the following entries needs to be made on March 1, 2018?
Compared with people-based services, equipment-based services do not have the marketing concern of
A. immeasurability. B. inventory. C. intangibility. D. inconsistency. E. insensitivity.
Which of the following factor(s) explain the interest in customer-driven innovation:
a. Technology tools to facilitate it. b. The economics of product development costs and high failure rates. c. Customers' expectations about their role in the business strategy. d. All of the above are factors that explain the interest in customer-driven innovation. e. None of the above are factors that explain the interest in customer-driven innovation.
Gilligan Corporation was established on February 15, Year 1. Gilligan is authorized to issue 500,000 shares of $6.00 par value common stock. As of December 30, Year 1, Gilligan's stockholders' equity accounts report the following balances: Common stock, $6 par, 500,000 shares authorized 55,000 shares issued and outstanding$330,000 Paid-in capital in excess of par - Common 440,000 $770,000 Retained earnings 1,400,000 Total Stockholders' Equity $2,170,000 On December 31, Year 1, Gilligan decides to issue a 5% stock dividend. At the time of issue, the market price of the stock was $22 per share.What is the dollar value of the stock dividend issued by Gilligan Corporation?
A. $108,500 B. $60,500 C. $44,000 D. $16,500