What amount of loss on impairment of goodwill deluxe record

Assignment Help Accounting Basics
Reference no: EM133079932

Question - Deluxe Corp. has four international divisions. One of? them, Pere? Products, was acquired on January? 1, 2022, for £?461,000,000, and recorded goodwill of £?55,000,000 as a result of that purchase. At December? 31, 2022, Pere Products had a recoverable amount of £?377,000,000.

The December? 31, 2022 book value of Pere Products was £?351,000,000 ?(including goodwill). What amount of loss on impairment of goodwill should Deluxe record in 2022 under? IFRS?

A. £?110,000,000

B. £?84,000,000

C. £?26,000,000

D. 0

Reference no: EM133079932

Questions Cloud

Adjustment regarding living within the limits of law : Is there anything else you can do as a probation officer to help Mary Lee make a more successful adjustment regarding living within the limits of the law?
What is the total pv of outflows for the material cost : The sale (cash inflow) includes payments of $3,250,000 today, $4,000,000 in 5 years and $6,000,000 in 10 years. What is total PV of outflows for material cost
Is there any improvement you would make : The user can use this system through their web browsers - Is there any improvement you would make to any of the requirement statements above? Post your answer
American philanthropists during the cold war were justified : Do you think the actions by American philanthropists during the Cold War were justified? Why or why not?
What amount of loss on impairment of goodwill deluxe record : The December? 31, 2022 book value of Pere Products was £?351,000,000 ?(including goodwill). What amount of loss on impairment of goodwill should Deluxe record
Evaluate using the labor-leisure model : Economic theory cannot tell us whether an increase in the wage rate will increase the quantity of labor supplied to the market by an individual.
What is the conventional definition of economics : What is the conventional definition of economics? Please give examples.
Possible impact of panic buying on market prices : Critically evaluate this statement and use demand and supply analysis to analyse the possible impact of panic buying on market prices.
Draw a use case diagram for blackboard : Identify all actors. Besides the most obvious actors (e.g. students, learning facilitators), are there any other actors? Are there any actors that are not human

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd