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The carrying amount of an entity’s net assets is lower than the entity’s no. of shares in issue multiplied by its share price.
How is this an indicator of impairment? Please explain.
I don’t think that this is an impairment indicator. It would be if the total share price was lower.
yes, I think the same. However, the solution for the abovementioned question, says this is an indicator of impairment. So, is there any chance of a mistake from their side?
This is Q46 from the BPP test kit.
It could be the case as it is not what the standard says.