What do you think is the basis for our conclusion

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Question: In July 2020, Kraft Heinz announced that it was writing off $2.9 billion due to the loss in value of several of its well-known brands, including Oscar Meyer and Maxwell House. We would argue that Kraft Heinz's stockholders probably didn't suffer as a result of the reported loss. What do you think is the basis for our conclusion?

Reference no: EM133491631

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