Which of the Following Statements About Goodwill Impairment Testing Under

Multiple Choice

Which of the following statements about goodwill impairment testing under IFRS and ASPE is true?

A) Goodwill impairment testing is done at the lowest reporting level under both IFRS and ASPE.
B) Goodwill impairment testing is done at the smallest cash-generating unit level under both IFRS and ASPE.
C) Goodwill impairment testing is done at the lowest reporting level under IFRS and at the smallest cash-generating unit level under ASPE.
D) Goodwill impairment testing is done at the smallest cash-generating unit level under IFRS and at the lowest reporting level under ASPE.