alleryStart learning →For a new Ind AS issued but not yet effective and not applied, the entity discloses:
Aonly the Ind AS title
Bthat fact and likely impact
Cno disclosure required
Donly the effective date
Answer & Solution
Correct answer: B. that fact and likely impact
The entity states that it has not applied the standard and gives known or reasonably estimable information on its possible impact.
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