alleryStart learning →Later-period updates describe significant changes in
AThe share capital mix
BAmount or timing of cash flows
CThe auditor appointed
DDividend declaration dates
Answer & Solution
Correct answer: B. Amount or timing of cash flows
Later statements describe any significant change in the amount or timing of cash flows for assets to be disposed or liabilities to be settled, and the causes.
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