What must be disclosed about externally imposed capital requirements?
ATheir effect on share price
BWhether they were complied with
CTheir rate of annual change
DTheir cost to the auditor
Answer & Solution
Correct answer: B. Whether they were complied with
The entity states whether it complied during the period and, if not, the consequences of non-compliance.
Keep practising Ind AS 1 Presentation of Financial Statements
Browse all Ind AS 1 Presentation of Financial Statements questions for CA Final, or explore more Financialreporting topics.
Related questions
If Ind AS rules are insufficient for users, what is added?In virtually all cases a true and fair view is achieved by what?How are items of dissimilar nature or function presented unless immaterial?Puttable instruments classed as equity need which outflow disclosed?Capital disclosures follow information given to whom internally?A capital disclosure covers objectives, policies and what?Must estimation uncertainty disclosures include forecasts?Which asset is exempt from estimation uncertainty disclosure?