Question: King Ltd, entered into a firm purchase commitment to sell one of its divisions. This division was previously classified as held for sale. The sale

King Ltd, entered into a firm purchase commitment to sell one of its divisions. This division was previously classified as held for sale. The sale will result in some retrenchments. The labor unions dedared a dispute regarding the retrenchments. The dispute will extend the period to complete the sale beyond one year. King Ltd. immediately entered into negotiations with the labor unions and the affected employees. It is expected that a favorable resolution will be reached. Which of the following conditions, If met, can still qualify this division to be classified as heid for sale, despite the delay in the period required to complete the sale? Select the correct options and cick Submit. King Ltd, entered into a firm purchase commitment. King Ltd. immediately entered into negotiations with the relevant parties. It is expected that a favorable resolution will be reached. The delay is caused by an outside party the labor unions. It was unexpected that the buyer or others would impose conditions on the transfer of the division

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