alleryStart learning →The equity method exemption needs the parent to produce:
Apublic Ind AS consolidated accounts
Binternal management accounts
Ca statutory tax computation
Da signed auditor's letter
Answer & Solution
Correct answer: A. public Ind AS consolidated accounts
The parent must produce public-use financial statements that comply with Ind AS and consolidate or fair value its subsidiaries.
Keep practising Ind AS 27, 28 and 111 Separate Financial Statements, Associates and Joint Ventures
Browse all Ind AS 27, 28 and 111 Separate Financial Statements, Associates and Joint Ventures questions for CA Final, or explore more Financialreporting topics.
Related questions
Equity accounting is usually applied where the investor holds what share of voting shares?If facts and circumstances change, an entity should:A joint operator recognises in a joint operation:A joint venturer accounts for its interest in a joint venture using:In a joint venture, the parties with joint control have rights to the:A joint arrangement is one in which two or more parties have:A parent that skips consolidation and prepares separate statements must disclose:In a qualifying reorganisation, cost of the new parent's investment is: