Question

Billy's Burgers (BB) is a franchisor that operates several corporate-owned restaurants as well as several franchised restaurants. The franchisees pay 3% of their sales revenues to BB in return for advertising and support. During the year, BB sold its corporate owned stores to a franchisee. BB continues to monitor quality in its franchised operations and franchisees must buy all products from it. The corporate-owned stores are not considered a separate major line of business.
(a) Would the sale qualify for discontinued operations treatment under IFRS?
(b) Would the sale qualify for discontinued operations treatment if BB prepared financial statements in accordance with ASPE?


$1.99
Sales0
Views45
Comments0
  • CreatedSeptember 18, 2015
  • Files Included
Post your question
5000