LAUN 2. Quattempted: 0140 370 Changes in estimate are accounted for Select one a Promatically Obegressively O Retroactively Od None of the Notes unur 38/40 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 O a. There is a gain on non-impairment of $300,000 b. There is an impairment loss or $300,000 O. There is an impaiment loss of S1,500,000 d. There is no journal entry to be made. N Unsure 39 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: a Cash to be received at the issue date b. Maturity date Oc Dates of interest payments. O d. Rate of interest to be paid Unsure Unsure