
IND AS 103
Authored by CA Saturday
Professional Development
Professional Development
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11 questions
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1.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
Q1. Optional Concentration Test is given in which para of Ind AS
B7B
B78
Both
None of the above
2.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Q2. In case the reason of distress sale is recognized then amount of Business Purchase Gain will be transferred to
Capital reserve
Not recognized
OCI (NR)
OCI (R)
3.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
Q3. Corresponding IFRS for Ind AS 103 is
IFRS 13
IFRS 103
IFRS 3
None of the above
4.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Q4. Which of the following is/are out of the scope of Ind AS 103
Accounting for Asset acquisition
Common Control Transaction
Formation of a new Joint Arrangement
Both (a) & (c)
5.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
Q5. What is Non-Controlling Interest called in AS 14
Minority Interest
Minority Controlling interest
Both
None of the above
6.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
Q6. In reverse acquisition, Financial Statements are Prepared in name of
a) Legal Acquiree
b) Legal Acquirer
c) Accounting Acquirer
Both (a) & (c)
7.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
Q7. Under AS 14 Goodwill is to be amortized over a period of
3 years
5 years
10 years
8 years
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