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A previously-recognized impairment loss relating to goodwill should be reversed if there is evidence that the loss no longer exists. True or false?

Team Management Financial Accounting Financial Management
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Question added by Deleted user
Date Posted: 2013/08/28
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Asad zaman
by Asad zaman , Audit/Finance , Rafaqat Baber and co

False because according to IAS38 Goowill generated afterword will be intarnally generated that cant be recognise in financial statement

Mohammed Salim Allana
by Mohammed Salim Allana , Compliance and Assurance Manager , United Arab Bank

True

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