Question

What information should be disclosed under the classification of non-current investments?

a.

Names of bodies corporate and their subsidiaries only.

b.

Names of bodies corporate and their subsidiaries, associates, joint ventures, or controlled special purpose entities, indicating the nature and extent of the investments.

c.

Only the names of partnership firms.

d.

Only the names of partnership firms and the total capital of each partner.

Posted under IC 89 Management Accounting

Answer: (b).Names of bodies corporate and their subsidiaries, associates, joint ventures, or controlled special purpose entities, indicating the nature and extent of the investments. Explanation:Under the classification of non-current investments, details should include names of bodies corporate, their subsidiaries, associates, joint ventures, or controlled special purpose entities, indicating the nature and extent of the investments.

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Q. What information should be disclosed under the classification of non-current investments?
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