Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. 6. mero ltd has 30% shares of yaso ltd. the carryi

6. Mero Ltd has 30% shares of Yaso Ltd. The carrying amount of this investment...

90.2K

Verified Solution

Question

Accounting

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)

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

A baseball player's batting average is 0.337, which can be interpreted as the probability that...

Calculus
Q

Diabetes is a common disease in Rhea’s family. Her grandfather died of this disease and her...

Medical Sciences
Q

introduction: C PROGRAMMING For this assignment you will write an encoder and a decoder for a modified...

Programming
Q

goal of this function will be to add an element to an already existing array in...

Programming
Q

Porter Corporation owns all 28,000 shares of the common stock of Street, Inc. Porter has 58,000...

Accounting
Q

Suppose that the peptide Ala Met Lys Ser is reacted with phenylisothiocyanate at pH 8...

Biology
Q

10 The coefficient of volume expansion of material of a metre scale is 18 x...

Physics
Q

Find the range and standard deviation of the set of data.230, 235, 240, 245, 250,...

Basic Math
Q

Use the change of base formula to compute log3 4.

Basic Math
Q

Un programa _____ es el proceso formal de verificacin, generalmente a travs de una auditora...

Accounting
Q

Cash receipts and disbursement transactions _________. A. should be approved by the bank before recording...

Accounting
Q

You are considering to form a portfolio that includes stock ABC, stock DEF, and stock...

Finance