Question: A subsidiary entity, Crystal Ltd, is for sale at a price $ 6 million. There has been some interest from prospective buyers but no sale

A subsidiary entity, Crystal Ltd, is for sale at a price $ 6 million. There has been some interest from prospective buyers but no sale as yet. One buyer has made an offer of $ 5 million but the directors of the parent company have declined the offer. An accountant firm which was appointed by the parent company has just submitted a report and advice that the fair value of Crystal Ltd is $ 7.5 million. They have decided not to lower the sale price of Crystal Ltd at the moment.Discuss whether the subsidiary can be classified as held for sale.

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