Ind AS 10 says 'approval for issue' where IAS 10 says
AAuthorisation for issue
BRelease for audit
CFiling for issue
DBoard acceptance
Answer & Solution
Correct answer: A. Authorisation for issue
Ind AS uses the words approval of the financial statements for issue as a terminology difference.
Keep practising Ind AS 10 Events after the Reporting Period
Browse all Ind AS 10 Events after the Reporting Period questions for CA Final, or explore more Financialreporting topics.
Related questions
Appendix A applies only where all owners of the same class of equity areA non-cash dividend liability is recognised once the dividend isOn settling a non-cash dividend, the difference between asset and payable goes toWith a cash or non-cash choice, the dividend payable weighs fair value andA liability to pay a non-cash dividend is measured at theAppendix A to Ind AS 10 deals with the distribution ofThe Ind AS 10 loan-waiver rule differs from IAS 10 because of changes made inMajor ordinary share transactions after year-end are