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CMA Final · Corporate Financial Reporting · Borrowing Costs (Ind AS 23)

Which statement about the relationship between Ind AS 23 and IAS 23, as noted in the comparison appendix, is correct?

Ind AS 23 adds paragraph 6A to guide how the adjustment in paragraph 6(e) is determined, because IAS 23 provides no such guidance. Transitional provisions are instead handled in Ind AS 101, and paragraphs 6(b) and 6(c) are shown as deleted.

  1. AInd AS 23 deletes paragraph 6A that exists in IAS 23
  2. BParagraph 6A is added in Ind AS 23 to give guidance on determining the adjustment in paragraph 6(e), on which IAS 23 provides no guidanceCorrect
  3. CInd AS 23 includes the transitional provisions of IAS 23 in paragraphs 27-28
  4. DParagraphs 6(b) and 6(c) are retained with full text in Ind AS 23

Explanation

The appendix states that IAS 23 gives no guidance on how the paragraph 6(e) adjustment is determined, so Ind AS 23 adds paragraph 6A. Transitional paragraphs 27-28 are not included, and 6(b) and 6(c) appear as deleted.

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