Normal time is always less than the average observed time

International expansion often occurs because it is generally easier for firms to expand the market

for their products rather than to develop new products. Indicate whether the statement is true or false

Deluxe Corp. has four international divisions. One of them, Pere Products, was acquired on January 1, 2016, for £400,000,000, and recorded goodwill of £50,000,000 as a result of that purchase. At December 31, 2016, Pere Products had a recoverable amount of £375,000,000. The total book value of Pere Products was £355,000,000 (including goodwill). What amount of loss on impairment of goodwill

should Deluxe record in 2016? A) $45,000,000 B) $25,000,000 C) $20,000,000 D) -0-