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When is an impairment loss reported on a significant influence investment in the stock of another company, following U.S. GAAP and IFRS U.S. GAAP Book
When is an impairment loss reported on a significant influence investment in the stock of another company, following U.S. GAAP and IFRS
| U.S. GAAP |
| Book value > higher of market value or value-in-use |
| IFRS |
| Other than temporary impairment |
| U.S. GAAP |
| Other than temporary impairment |
| IFRS |
| Book value > higher of market value or value-in-use |
| U.S. GAAP |
| If a loss event occurs |
| IFRS |
| Not reported |
| U.S. GAAP |
| Other than temporary impairment |
| IFRS |
| If a loss event occurs |
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Performance Auditing Measuring Inputs, Outputs, And Outcomes
Authors: Stephen L. Morgan, Ronell B. Raaum, Colleen G. Waring
3rd Edition
0894139762, 9780894139765
