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Impairment

This topic has 1 reply, 2 voices, and was last updated 11 years ago by MikeLittle.

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May 20, 2013 at 5:16 pm #126344
hasanali95
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In the COnsolidated income statement ,do we take impairment as admin expense or are we also allowed to take it in cos?
May 20, 2013 at 9:43 pm #126366
MikeLittle
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Do what the examiner points you towards. If there is no instruction like “Goodwill impairment is to be included in cost of sales” or ” ……..administrative expenses” then I would be inclined to show it as a separate line item after Administrative Expenses
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