6. Mero Ltd has 30% shares of Yaso Ltd. The carrying amount of this investment at the beginning of the year is $100 000. Yaso Ltd makes a $130 000 loss for the year. An impairment test shows that the investment has a recoverable value of $60 000. The investment will be measured at? A) $0 B) $60 000 C) ($130 000) D) ($30 000)
6. Mero Ltd has 30% shares of Yaso Ltd. The carrying amount of this investment at the beginning of the year is $100 000. Yaso Ltd makes a $130 000 loss for the year. An impairment test shows that the investment has a recoverable value of $60 000. The investment will be measured at? A) $0 B) $60 000 C) ($130 000) D) ($30 000)
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Transcribed Image Text:6. Mero Ltd has 30% shares of Yaso Ltd.
The carrying amount of this investment
at the beginning of the year is $100 000.
Yaso Ltd makes a $130 000 loss for the
year. An impairment test shows that the
investment has a recoverable value of
$60 000. The investment will be
measured at? A) $0 B) $60 000 C) ($130
000) D) ($30 000)
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