Question

Refer to the situation described in BE 11-13. Assume that SCC's fair value of $40 million approximates fair value less costs to sell and that the present value of SCC's estimated future cash flows is $41 million. If WebHelper prepares its financial statements according to IFRS and SCC is considered a cash-generating unit, what amount of impairment loss, if any, should WebHelper recognize?



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  • CreatedJuly 02, 2013
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