A subsidiary entity, Claystone Ltd, is for sale at a price $ 15 million. There...
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A subsidiary entity, Claystone Ltd is for sale at a price $ million. There has been some interest from prospective buyers but no sale as yet. One buyer has made an offer of $ million but the directors of the parent company have declined the offer. An accountant firm which was appointed by the parent company has just submitted a report and advice that the fair value of Claystone Ltd is $ million. They have decided not to lower the sale price of Claystone Ltd at the moment. Discuss whether the subsidiary can be classified as held for sale.
A subsidiary entity, Claystone Ltd is for sale at a price $ million. There has been some interest from prospective buyers but no sale as yet. One buyer has made an offer of $ million but the directors of the parent company have declined the offer. An accountant firm which was appointed by the parent company has just submitted a report and advice that the fair value of Claystone Ltd is $ million. They have decided not to lower the sale price of Claystone Ltd at the moment. Discuss whether the subsidiary can be classified as held for sale.
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