BA recognized a 13 million impairment of their investment in Flybe for the year ended March
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BA recognized a £ 13 million impairment of their investment in Flybe for the year ended March 31, 2009. On what criteria did BA base their determination that the investment was impaired? Would that be handled similarly in U.S. GAAP?
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An impairment is a reduction in the carrying value of an asset below its recoverable amo...View the full answer
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Related Book For
Intermediate Accounting
ISBN: 978-0077400163
6th edition
Authors: J. David Spiceland, James Sepe, Mark Nelson
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