alleryStart learning →Subsidiary building leased to parent: group view?
AInvestment property
BInventory for sale
CFinancial asset held
DOwner-occupied property
Answer & Solution
Correct answer: D. Owner-occupied property
From the group's perspective the parent occupies it, so it is owner-occupied in consolidated statements, though investment property in the owner's own accounts.
Keep practising Ind AS 23 Borrowing Costs and Ind AS 40 Investment Property
Browse all Ind AS 23 Borrowing Costs and Ind AS 40 Investment Property questions for CA Final, or explore more Financialreporting topics.
Related questions
Restrictions on realisability: what is disclosed?If fair value is unreliable, what is disclosed?When classification is hard, what is disclosed?Which profit or loss amounts must be disclosed?What must be disclosed under the cost model?Liabilities kept after disposal fall under which Standard?Compensation for lost property is recognised when?Carrying Rs 1.2 crore; net proceeds Rs 1.5 crore. Recognised?