alleryStart learning →If facts and circumstances change, an entity should:
Areassess the arrangement type
Bignore the change entirely
Calways consolidate it
Dwrite off the interest
Answer & Solution
Correct answer: A. reassess the arrangement type
Ind AS 111 requires reassessment of the type of joint arrangement when facts and circumstances change.
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
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