Under ifrs the test for asset impairment is to compare the carrying value of the asset to its recoverable amount. which of the following is the recoverable amount according to ifrs? a. the greater of future undiscounted cash flows or future discounted cash flows. b. the greater of future discounted cash flows or fair value. c. the greater of fair value less cost to sell or value in use. d. the greater of fair value or value in use.

Walmart and target are the only stores in a remote town that currently stock and sell the playstation 5 video game console. managers at both stores are simultaneously deciding whether to charge a price of $1,000 or $1,500 for each console. if both stores charge $1,000, they earn a profit of $100,000 each. if both stores charge $1,500, they earn a profit of $200,000 each. if one store charges $1,000 and the other store charges $1,500, the store that charges $1,000 earns a profit of $250,000 and the firm that charges $1,500 earns a profit of $50,000. if walmart and target they can both charge $1,500 and earn the highest combined profit available. engage in spirited price competition collude with each other privately undercut each other after making an agreement compete with each other only with regard to price and not quantity compete with each other only with regard to quantity and not price