alleryStart learning →AS 26 requires disclosing carrying amounts of intangibles that are:
APledged as liability security
BPurchased from group firms
CInsured against all risks
DFully amortised, still used
Answer & Solution
Correct answer: A. Pledged as liability security
Intangibles whose title is restricted and those pledged as security for liabilities must be disclosed with their carrying amounts.
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