alleryStart learning →The effect of abandoning a plan includes reversal of any prior
APrior impairment loss
BDividend paid out
CShare premium raised
DDepreciation charged
Answer & Solution
Correct answer: A. Prior impairment loss
Reversal of an earlier impairment loss under AS 28, or a provision made for the operation, forms part of the effect.
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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initial disclosure event must beDisclosures under AS 24 are presented separately forIf a reported plan is abandoned or withdrawn, what must be disclosed?