Discuss when khk can classify the plant as held for sale

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Problem 1: KHK Electricity Company Limited, a power generation entity, is discussing a plan to sell a disposal group, a power generating plant, that represents a significant portion of its regulated operations. The sale requires approval from the relevant regulatory bodies, which could extend the period required to complete the sale beyond 1 year. Actions necessary to obtain that approval cannot be initiated until after a buyer is known and a firm purchase commitment is obtained. However, a firm purchase commitment is highly probable within 1 year. Discuss when KHK can classify the plant as held for sale

Reference no: EM132797316

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