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Held-for-sale classification conditions

As I read the IFRS 5, it is required that an active programme to locate a buyer is initiated for an asset to be classified as held for sale. What do you mean by an active program? Will a paper advertisement for sale make such an active program?

asked Mar 17, 2013 in IFRS 5 - Non-current Assets Held for Sale and Discontinued Operations by Yehux Level 1 Member (1,760 points)
retagged Apr 23, 2013 by Visio

1 Answer

0 votes
Active program - Starts from Management's minutes of the meeting which has a resolution that an identified asset be sold, to putting a price tag to it. . .
answered Mar 20, 2015 by Fusion01 Level 3 Member (5,690 points)