Question

How should investments carried at other than cost be disclosed?

a.

They should not be disclosed separately.

b.

They should be disclosed as aggregate amounts.

c.

They should be separately stated, specifying the basis for valuation.

d.

They should be disclosed in the notes to accounts only.

Posted under IC 89 Management Accounting

Answer: (c).They should be separately stated, specifying the basis for valuation. Explanation:Investments carried at other than cost should be separately stated, specifying the basis for valuation.

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Q. How should investments carried at other than cost be disclosed?
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