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Q1 (A) (B) (C) When an impairment loss in relation to a cash-generating unit is reversed, it is allocated on a pro rata basis to
Q1
(A)
(B)
(C)
When an impairment loss in relation to a cash-generating unit is reversed, it is allocated on a pro rata basis to the assets of the unit, except for: O land O equipment O goodwill O plant In accounting for share issues, the application account: O is an equity account O is an asset account as it represents amount receivable from potential shareholders O is a liability account O is an expense account The following are examples of contingent liabilities except for: O an agreement to act as guarantor for another entity's borrowings O an unresolved income tax dispute with Australian Tax Office O a bank overdraft O an unsettled lawsuit brought against the entity for breach of safe measures and regulationsStep by Step Solution
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