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CA Final Ind AS 103 — Contingent Liabilities, Indemnification Assets, Contingent Consideration, Disclosures & Common Control — practice questions
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Practice CA Final Ind AS 103 — Contingent Liabilities, Indemnification Assets, Contingent Consideration, Disclosures & Common Control in the app →After initial recognition under Ind AS 103, a CONTINGENT LIABILITY recognised in a business combination is subA 'common control business combination' under Appendix C of Ind AS 103 is:Acquisition-related costs disclosure under Ind AS 103 must show, SEPARATELY:A contingent consideration arrangement promises ₹50 cr extra if the acquiree's EBITDA exceeds ₹100 cr in the yContingent consideration classified as EQUITY under Ind AS 103 is subsequently:Indemnification asset under Ind AS 103 is subsequently measured:Company X (the ultimate parent) reorganises so that Company Z (its retail subsidiary) acquires Company X's shaABC Ltd. and XYZ Ltd. are each owned 25%-25%-25%-25% by B, C, D and E. B, C and D have entered a shareholders'ABC Ltd. and XYZ Ltd. are each owned 25%-25%-25%-25% by B, C, D and E, with NO agreement among shareholders thA contingent consideration arrangement provides an additional payment subject to a maximum cap, but the cap caCommon control is described as 'not transitory' in Appendix C. Which of the following is INCORRECT?Under Ind AS 103, post-acquisition disclosures must include a reconciliation of the carrying amount of goodwilMandatory Ind AS 103 disclosures include 'revenue and profit or loss of the COMBINED ENTITY for the current reA bargain purchase gain is recognised in OCI and accumulated as capital reserve when clear evidence supports tCommon control combinations may include all of the following EXCEPT: