alleryStart learning →Which of these is a monetary item under Ind AS 21?
AInventories held for sale
BGoodwill on acquisition
CCash dividend liability
DPrepaid rent for a year
Answer & Solution
Correct answer: C. Cash dividend liability
A declared cash dividend payable is an obligation to deliver a fixed number of currency units, while the others involve no such fixed right.
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Related questions
A lends to foreign subsidiary B, no settlement planned. The loan is part of:In assessing exchangeability, which is considered?Does a normal administrative delay make a currency not exchangeable?If a currency is not exchangeable, what must the entity do?How does Ind AS 21 define an exchange rate?An exchange difference arises from translating currency units at what?What are the two principal issues in Ind AS 21?Which standard covers presenting foreign currency cash flows?