1. An entity requires a subsidiary exclusively with a view to selling it.

the subsidiary meets the

criteria to be classified as held for sale. At the statement of the financial position date, the
subsidiary has not yet been sold, and six months have passed since its acquisition. How will
the subsidiary be values in the statement of financial position at the date of the first financial
statements after acquisition?

a. At fair value
b. At the lower of its cost and fair value less cost to sell
c. At carrying value
d. In accordance with applicable PFRS