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If a company is sitting on losses and it sell one of its division having book value of 200 million for 250 million. So on a gain of 50 million it’s will be taxed or not.
Under Equity Method the Net Income is on Proportionate basis(Q7) and Under Full consolidation method, whole NI of the controlled company is taken is this correct ?. If yes then why Answer is C in Q10 instead of A ?
yogeshanandIntermediate
Can anyone explain NET PREMIUM EARNED NET PREMIUM WRITTEN
According to corridor effect we have to take amortization of actual gain and loss when it exceeds 10% of PBO OR ASSET . Even if in the question amortization of actual gain or loss is given we don’t have to ...
Inorder yo calculate profit and loss under current method 1st we calculate asset then liability @current rate and remaining is equity .out of which equity is calculated @historical cost and remaining is retain earning. In this question assets are 1445(1700*.85) ...
In this the periodic cost in p&l account under ifrs the interest expense will be (beg PBO+ past service cost)*8% right but in the answer they have calculated interest expense on beg PBO
