6-CL04-An asset's carrying amount is J0D25,000. Its fair value less costs of disposal is JOD15,000 and its value in use is JOD19,000. There is an impairment loss of JOD-10,000 b- JOD6,000 - JOD4,000 d. Nil 7-CLO4. At reporting date, the carrying amount of a cash-generating unit was considered to be have been impaired by JOD900. The unit included the following assets: Land JOD5000; Plant JOD3000; Goodwill JOD500. The amount of impairment allocated to the land is: JOD250 b- JOD229 JOD300 d- JOD529 8-CLO4- The IAS36 definition of "corporate assets" specifically excludes goodwill. True or False? True b False Part 3 9. CLO3-Should a provision be recognized in relation to: (a) future operating losses/ (b) onerous contracts? a- (a) No (b) Yes b- (a) Yes (b) No (a) Yes (b) Yes d- (a) No (b) No 10-CLO3-Which of the following statements is correct? a- a provision is a class of liabilities b- a contingent liability is a class of liabilities ca provision is a class of contingent liabilities d- contingent liabilities and provisions are classes of liabilities 11-CLO3-PSUT company is currently suing one of its suppliers for failure to supply goods according to contract. Legal advice suggests that PSUT plc will probably win the case and will probably be awarded damages. How the accountant should deal with this matter? a- recognise a liability b- recognise a provision c- recognise a contingent liability d- recognise a contingent asset e-recognise an asset Page 3 of 9