alleryStart learning →An asset exchange counts as a sale when it has:
AGenuine commercial substance
BEqual fair value on both
CAll shareholders approving
DCash above 25 percent
Answer & Solution
Correct answer: A. Genuine commercial substance
Exchanges qualify as sale transactions when they have commercial substance as judged under Ind AS 16.
Keep practising Ind AS 105 Non-current Assets Held for Sale and Discontinued Operations
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Related questions
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