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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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