alleryStart learning →Later adjustments to a prior-period discontinued disposal are shown:
AUnder extraordinary items in P&L
BSeparately in discontinued operations
CDirectly in opening retained earnings
DWithin continuing operations only
Answer & Solution
Correct answer: B. Separately in discontinued operations
Adjustments directly related to a prior disposal are classified separately within discontinued operations with their nature and amount disclosed.
Keep practising Ind AS 105 Non-current Assets Held for Sale and Discontinued Operations
Browse all Ind AS 105 Non-current Assets Held for Sale and Discontinued Operations questions for CA Final, or explore more Financialreporting topics.
Related questions
A gain or loss on a held for sale asset not recognised by the sale date is recognised:A held for sale asset must be available for immediate sale subject only to terms that are:A held for sale asset must be marketed at a price that is:Highly probable assessment considers the probability of:Where an asset is part of a disposal group, the measurement rules apply to:A disposal group includes goodwill when it is a cash-generating unit to which goodwill hasA disposal group impairment loss reduces assets in the order set out in which standard?Non-current assets are reclassified as current only when they: