apply question facts to held-for sale conditions to support whether it qualifies as a held-for...
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apply question facts to held-for sale conditions to support whether it qualifies as a held-for sale disposal group
Black Media Inc. owns and operates a large number of newspapers across Canada. On 1 October 20X5, the board of directors voted unanimously to dispose of one of those newspapers, The Daily Con. Black Media would continue to publish The Daily Con while a buyer was being sought. As Black Media was facing some financial problems, the board hoped for a quick sale. The newspaper was Black Media's sole holding in that city, and thus the newspaper's assets and liabilities could easily be transferred to a new owner. The board authorized an immediate search for possible buyers, and the company received several indications of interest by the end of 205. The net assets of The Daily Con can be summarized as follows
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