alleryStart learning →Associate stake falls, equity method continues. Earlier OCI gains are:
Areclassified in proportion
Bleft entirely in OCI
Creversed fully to reserves
Drecognised as a liability
Answer & Solution
Correct answer: A. reclassified in proportion
The proportion relating to the reduction is reclassified to profit or loss if it would be reclassified on disposal of the related assets.
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: