Question: A news article: Oil major Shell to write down up to $22 billion of assets in second quarterJune 30, 2020Shell said in a statement to

A news article:

Oil major Shell to write down up to $22 billion of assets in second quarterJune 30, 2020Shell said in a statement to investors that it had reviewed a significant portion of its business given the impact of the coronavirus pandemic and the ongoing challenging commodity price environment.It said it would take aggregate post-tax impairment charges in the range of $15 billion to $22 billion in the second quarter. How does Shell treat these charges?

a. Only disclosures in the footnotes

b. Retrospective approach

c. Modified retrospective approach

d. Prospective approach

e. none

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