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      Question

      Which of the following is treated as a finance cost

      under Ind AS?
      A Dividend paid on equity shares Correct Answer Incorrect Answer
      B Interest expense on borrowings Correct Answer Incorrect Answer
      C Loss on sale of fixed assets Correct Answer Incorrect Answer
      D Directors’ remuneration Correct Answer Incorrect Answer
      E Premium on issue of shares Correct Answer Incorrect Answer

      Solution

      Finance cost includes interest and other costs incurred by an entity in connection with borrowing.

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