alleryStart learning →The aim of AS 24 is to separate information on discontinuing operations from
APrior year data
BContinuing operations
CTax assessment records
DShareholder records
Answer & Solution
Correct answer: B. Continuing operations
Segregating discontinuing from continuing operations helps users project cash flows, earnings capacity and financial position.
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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 AS 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separately forThe effect of abandoning a plan includes reversal of any priorIf a reported plan is abandoned or withdrawn, what must be disclosed?