alleryStart learning →Income recognition on investments is covered by:
AAS 10 Plant and Equipment
BAS 14 Amalgamations
CAS 9 Revenue Recognition
DAS 2 Inventory Valuation
Answer & Solution
Correct answer: C. AS 9 Revenue Recognition
AS 13 leaves income recognition on investments to the revenue standard, AS 9.
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Related questions
Profits on disposal of current and long-term investments are shown:Statements classify fixed assets, investments and current assets into:A readily realisable investment is meant to be held for 18 months. It is:A readily realisable investment made on 1 April is intended to be sold on 15 February nextIf dividend cannot be allocated except arbitrarily, cost is cut only if it:Interest and rentals on investments are shown separately for:A significant restriction on selling an investment must be:Disclosure of investments must include the policies for determining: