Deluxe Corp. has four international divisions. One of them, Pere Products, was acquired on January 1,...

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Deluxe Corp. has four international divisions. One of them, Pere Products, was acquired on January 1, 2022, for £500,000,000, and recorded goodwill of £54,000,000 as a result of that purchase. At December 31, 2022, Pere Products had a recoverable amount of £382,000,000. The December 31, 2022 book value of Pere Products was £356,000,000 (including goodwill). What amount of loss on impairment of goodwill should Deluxe record in 2022 under IFRS? Deluxe Corp. has four international divisions. One of them, Pere Products, was acquired on January 1, 2022, for £500,000,000, and recorded goodwill of £54,000,000 as a result of that purchase. At December 31, 2022, Pere Products had a recoverable amount of £382,000,000. The December 31, 2022 book value of Pere Products was £356,000,000 (including goodwill). What amount of loss on impairment of goodwill should Deluxe record in 2022 under IFRS?

Answer rating: 100% (QA)

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