For assets under binding sale agreements, the net selling price is stated after deducting
ADepreciation charged
BIncome tax payable
CDividends declared
DExpected disposal costs
Answer & Solution
Correct answer: D. Expected disposal costs
The net selling price or range of prices is worked out after deducting expected disposal costs.
Keep practising 3b AS 24 Discontinuing Operations
Browse all 3b AS 24 Discontinuing Operations questions for CA Inter, or explore more Accounting topics.
Related questions
Assets of Rs. 85 lakhs and liabilities of Rs. 15 lakhs give net assets ofAssets carried at Rs. 105 lakhs have a recoverable amount of Rs. 85 lakhs. The impairment The aim of AS 24 is to separate information on discontinuing operations fromAS 24 cash flow requirements apply only when the enterpriseInterim report disclosures on discontinuing operations followComparative figures after the initial disclosure event must beDisclosures under AS 24 are presented separately forThe effect of abandoning a plan includes reversal of any prior