alleryStart learning →A significant restriction on selling an investment must be:
Aset off against reserves
Bdeducted from cost
Cdisclosed in the statements
Dignored if temporary
Answer & Solution
Correct answer: C. disclosed in the statements
Significant limits on ownership, realisability or remitting proceeds are disclosure items.
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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:Disclosure of investments must include the policies for determining:Shares bought for Rs 2,00,000 carry brokerage of 1% and stamp duty of 0.25%. Cost?