Deluxe Corp. has four international divisions. One of them, Pere Products, was acquired on January...
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Accounting
Deluxe Corp. has four international divisions. One of them, Pere Products, was acquired on January 1, 2022, for
461,000,000,
and recorded goodwill of
55,000,000
as a result of that purchase. At December 31, 2022, Pere Products had a recoverable amount of
377,000,000.
The December 31, 2022 book value of Pere Products was
351,000,000
(including goodwill). What amount of loss on impairment of goodwill should Deluxe record in 2022 under IFRS?
A.
110,000,000
B.
84,000,000
C.
26,000,000
D.
0
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