alleryStart learning →Partial disposal keeping control: OCI exchange differences go to whom?
AParent's profit or loss
BLocal tax authority
CGeneral reserve fund
DNon-controlling interests
Answer & Solution
Correct answer: D. Non-controlling interests
Control is retained, so the proportionate share moves within equity to the non-controlling interests.
Keep practising Ind AS 21 The Effects of Changes in Foreign Exchange Rates
Browse all Ind AS 21 The Effects of Changes in Foreign Exchange Rates questions for CA Final, or explore more Financialreporting topics.
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?