alleryStart learning →A reportable segment earns mostly interest and the CODM relies on net interest. How may interest be shown?
ANet, with a disclosure
BGross only, never net
CLeft out of the report
DOnly as an expense
Answer & Solution
Correct answer: A. Net, with a disclosure
Interest revenue may be reported net of interest expense if most revenue is interest and the CODM relies on net interest, with disclosure.
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Related questions
The core principle of Ind AS 108 is to help users evaluate the:Where equity-method investments sit in segment assets, the entity discloses:Which item is disclosed if in the decision maker's profit measure?Entities known to be under common control are treated, for major customers, as:Geographical non-current assets exclude:Geographical revenue must be shown for the country of domicile and:Which revenue must be reported for each product or service group?Entity-wide disclosures in paragraphs 32 to 34 apply to: