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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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