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Identify the statement that is NOT 'objective evidence of impairment' of an associate/JV under Ind AS 28.
AThe associate's equity instruments are NO LONGER PUBLICLY TRADED (delisted)
BBreach of contract such as default in payments by the associate or JV
CSignificant or prolonged decline in fair value of the equity investment below its cost
DSignificant financial difficulty of the associate or JV
Answer & Solution
Correct answer: A. The associate's equity instruments are NO LONGER PUBLICLY TRADED (delisted)
Per the standard, mere delisting (disappearance of an active market because the investee is no longer publicly traded) is NOT, on its own, evidence of impairment. Disappearance of an active market due to FINANCIAL DIFFICULTIES would be evidence — but a voluntary delisting is not.
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