Solution-Which entities should disclose in interim reports

Which entities should disclose in interim reports

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Reference no: EM132765935

Problem 1: When impairment testing a cash generating unit, any corporate assets, such as the head office or computer equipment should

a) Be allocated on a reasonable and consistent basis

b) Be separately impairment tested

c) Be included in the head office assets or parent assets and impairment tested along with that cash generating unit.

d) Not be allocated to cash generating units

Problem 2: Entities should disclose all of the following in interim reports, except

a) Basic and diluted earnings per share

b) Changes in accounting policies

c) Post-statement of financial position events

d) Seasonal revenue, cost or expenses

Reference no: EM132765935

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Which entities should disclose in interim reports

Reference no: EM132765935

Reference no: EM132765935

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