3) An asset must be impaired according to IAS 36 when: a) The carrying amount is higher than the recoverable amount b) The carrying amount is lower than the acquisition value c) The recoverable amount is higher than value in use or fair value less cost to sell d) All of the above would lead to impairment under IAS 36 3) If the outcome of a contract with a customer cannot be estimated reliably, revenue should be recognised: a) Proportionate to occurrence of costs, which are expensed as they occur b) When performance obligations under the contract have been met c) Both a) and b) d) Neither a) nor b) 3) Which of the following are indications of possible need for impairment: a) Increase in market value of the asset b) Decline in profitability of the company c) Both a) and b) d) Neither a) nor b) 3) using the acquisition method under IFRS 3 (Business combinations): a) is optional b) Can lead to certain assets being recognized at the group level, but not at the acquired) subsidiary level c) Both a) and b) d) Neither a) nor b)