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Why must cgus be identified under ifrs

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Reference no: EM132623456

Question -

(a) Why must "C.G.U.'s" be identified under IFRS?

(b) When does an impairment of Goodwill occur under IFRS?

(c) Explain how a restricted contribution of $ 100,000 received in 2020 would be recorded under each of the deferral method and the restricted fund method (2 marks) in the December 31, 2020 financial statements based on the assumption that the condition underlying the restriction has not been removed by yearend.

Reference no: EM132623456

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