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Even Though IFRS Does Not Employ the First-Stage Recoverability Test

Question 112

True/False

Even though IFRS does not employ the first-stage recoverability test used under U.S. GAAP ___ comparing the undiscounted cash flows to the carrying amount, the fact that IFRS uses a fair value test to measure impairment loss makes IFRS stricter than U.S. GAAP

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