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  3. at the year-end, an impairment review is being con

At the year-end, an impairment review is being conducted on a 80%-owned subsidiary. At the...

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Accounting

At the year-end, an impairment review is being conducted on a 80%-owned subsidiary. At the date of the impairment review the carrying value of the subsidiarys net assets were 200 and the goodwill attributable to the parent 300 and the recoverable amount of the subsidiary 700.

Required - Determine the outcome of the impairment review.

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