Understanding IFRS: Cash-Generating Units and Extraordinary Items
School
American Military University**We aren't endorsed by this school
Course
ACCT 100
Subject
Accounting
Date
Dec 11, 2024
Pages
1
Uploaded by GrandElectron15828
1. 2. Under IFRS, how is a cash-generating unit (CGU) defined? a) The smallest group of assets generating independent cash inflows b) A subsidiary of a parent company c) A single piece of equipment used In production d) The entire entity What is the treatment of an extraordinary item under IFRS? a) Reported separately on the Income statement b) Included as part of continuing operations c) Recorded in other comprehensive income d) Disclosed in the notes
