Worthington Industries sells cookware in France and reports using IFRS. On January 1 , YEAR 0 ,
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Worthington Industries sells cookware in France and reports using IFRS. On January YEAR Worthington bought a machine to manufacture pans for with a year life. Assume that Worthington took a full year of depreciation in YEAR and YEAR During this time period, Worthingtons sales decreased due to the pandemic and on December YEAR Worthington recorded an impairment of During YEAR Worthingtons prospects improved and on December YEAR the company estimated that the fair value of the machinery was What should Worthington report as an impairment reversal recoverygain on its FYE YEAR income statement?
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