alleryStart learning →A current investment of cost 50,000 and fair value 58,000 is reclassified as long term. Transfer value?
ARs 58,000
BRs 54,000
CRs 50,000
DRs 8,000
Answer & Solution
Correct answer: C. Rs 50,000
The lower of cost 50,000 and fair value 58,000 is 50,000.
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