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Residential status of individual
Direct Taxation
answered on 11-Mar-24 12:46
What's the answer for this MCQ!
latest answer
Thank youu so much!
Manish Shetty
CA Inter
★ 3K+
3
424
Ind AS 116- Illustration 50
Financial Reporting
answered on 11-Mar-24 10:26
Sir in this question when we are calculating revised present value of lease payments on Lease Modification, we should check classification of lease at inception of lease, so wouldn't we calculate PV for all 3 years and also use fixed lease payments as 1,90,000?
latest answer
What it means is that such modification date should be considered as inception and we should check if it would have been classified differently.
Sruthi Bellamkonda
CA Final
★ 70
1
154
Forex - cross rates
AFM
answered on 10-Mar-24 23:34
In cross rates for questions like this , how will we know what is variable currency , base currency is SGD , but they didn't mentioned against which currency SGD is purchased. . So how we identify ( ?/SGD) In this question it is assumed variable currency is rupee Required cross rate ( rupee /SGD). But how to take assumptions?
latest answer
Thankyou
Enuguru Sai Nithin
CA Final
★ 78K+
3
271
Creation of charges
Corporate & Other Laws
answered on 12-Mar-24 02:14
As per sec 77(1) The company shall register the charges from 30 days of creation of charge. If the failed, the same can be done within 60 days from date of Creation of charge by paying additional fees. This question is from BoS MCQ practice. First time attempting this paper I did 30 days, it marked wrong When I re attempted the paper I tried 60 days and still the answer is wrong. Can you please let me know which is the current answer?
latest answer
Thank you
Hamna KSMB
CA Inter
★ 6K+
2
353
part 6 of illustration 26
AFM
answered on 13-Mar-24 19:41
0.3 probability (poor) but accepted level of 20%, we have seen as independent scenario and checked NPV, poor state which is at least possible cash flow, so we r not accept project right?
latest answer
Yes
Hariharan S
CA Final
★ 5K+
1
166
Loss of control in subsidiary
Financial Reporting
answered on 11-Mar-24 10:31
Hi Sir, In the above illustration, we considered carrying amount of investment for arriving at Profit /loss on sale of stake in subsidiary.But, while calculating NCI portion for CFS, we considered Fair value. Why can't we consider fair value of investment for arriving at Profit /loss on sale of stake in subsidiary
latest answer
We considered book value of subsidiary 225000 * 20% not fair value.
ahmad bunyamin
CA Final
★ 1K+
1
183
Ind AS 36
Financial Reporting
answered on 10-Mar-24 08:06
Sir, in what case the impairment loss estimate be greater than the carrying value of the asset?
latest answer
Cost to dispose is higher
Suresh Avinash
CA Final
★ 3K+
1
423
Working Capital
AFM
answered on 13-Mar-24 19:43
Dear sir, When mentioned " Initial working requirement is 50 and subsequent working capital requirement is 5 " Y0 outflow is 50 and subsequent receipt of 45 since only 5 crore is required as working capital funds. why shouldn't we interpret it like this.
latest answer
yes this is the correct interpretation
Vanacharla Sai Pavan Kumar
CA Final
★ 8K+
4
405
Depreciation
AFM
answered on 13-Mar-24 19:45
Dear sir, They have mentioned the production cost as 40% of revenue isnt depreciation of machinery and factory part of production cost.
latest answer
What is the exact doubt that you have
Vanacharla Sai Pavan Kumar
CA Final
★ 8K+
2
335
NCI at fairvalue
Financial Reporting
answered on 23-Mar-24 22:07
Why in this case impairemnt charged to unit c before allocation of goodwill
latest answer
If Corporate asset cannot be allocated, the allocation is done on similar lines as goodwill.
binu mathew
CA Final
★ 0
10
222