alleryStart learning →A held for sale asset must be available for immediate sale subject only to terms that are:
AUnusual for such assets
BUsual and customary
CApproved by regulators
DNegotiated individually
Answer & Solution
Correct answer: B. Usual and customary
Immediate availability in present condition is tested against terms that are usual and customary for such sales.
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 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:Cumulative OCI linked to held for sale assets is: