CMA Final · Corporate Financial Reporting · Impairment of Assets (Ind AS 36)
Which statement about paragraphs 91-95 of Ind AS 36 is correct?
Paragraphs 91-95 appear as Deleted in IAS 36 itself. Ind AS 36 retains these paragraph numbers only to keep its numbering consistent with IAS 36, so they hold no substantive requirement.
- AThey appear as Deleted in IAS 36, and the numbers are retained in Ind AS 36 for consistencyCorrect
- BThey were deleted in Ind AS 36 only because of Ind AS 113
- CThey contain the Indian transitional provisions
- DThey refer to Example 8 of the Illustrative Examples
Explanation
Paragraphs 91-95 already appear as Deleted in IAS 36, and Ind AS 36 retains the paragraph numbers for consistency. They were not deleted due to Ind AS 113 (that was 5(b) and 25-27), and they are not transitional provisions.
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