Question

What information should be disclosed regarding current investments?

a.

Only the classification of current investments.

b.

The basis of valuation of individual investments, aggregate amount of quoted and unquoted investments, and aggregate provision for diminution in value of investments.

c.

Only the names of bodies corporate in whom investments have been made.

d.

The aggregate amount of partly paid-up investments.

Posted under IC 89 Management Accounting

Answer: (b).The basis of valuation of individual investments, aggregate amount of quoted and unquoted investments, and aggregate provision for diminution in value of investments. Explanation:Regarding current investments, information should include the basis of valuation of individual investments, aggregate amount of quoted and unquoted investments, and aggregate provision for diminution in value of investments.

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Q. What information should be disclosed regarding current investments?
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