40 Changes in estimate are accounted for Select one: O a. Problematically b. Regressively c. Retroactively d. None of these At December 31, 2021 the carrying value of Goodwill in the accounts of Y Ltd. is $1,500,000. The recoverable amount is estimated to be $1,200,000 at the same date. Which of the following statements is true for 2021? Select one: a. There is a gain on non-impairment of $300,000 b. There is an impairment loss of $300,000 O c. There is an impairment loss of $1,500,000 O d. There is no journal entry to be made. 9o 40 When a company prepares a bond indenture, certain provisions of the bonds are included Which of the following is (are) not specified in the indenture? Select one: O a Cash to be received at the issue date. b. Maturity date. O c Dates of interest payments. d. Rate of interest to be paid nisure of 40 Dividends in arrears on cumulative preferred shares are Select one: O a recorded as a current liability O b. recorded as either a current liability or non-current liability depending on when they were first in arrears. C. reported only in the notes to the financial statements. Od not possible under IFRS