alleryStart learning →Long term shares of cost 90,000 and carrying amount 70,000 become current. Transfer value?
ARs 70,000
BRs 1,60,000
CRs 90,000
DRs 20,000
Answer & Solution
Correct answer: A. Rs 70,000
The lower of cost 90,000 and carrying amount 70,000 is 70,000.
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