AS 28 deals with which topic?
AEarnings Per Share
BImpairment of Assets
CDiscontinuing Operations
DBorrowing Costs
Answer & Solution
Correct answer: B. Impairment of Assets
1. Step 1: Per the table in Ch 1, AS 28 = Impairment of Assets.
2. Step 2: AS 28 applicable from 01/04/2008.
3. Step 3: Hence (B) is correct.
_Source: ICAI BoS CA Inter Paper 1, Ch 1 "Introduction to Accounting Standards"_