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    Question

    While preparing financial statements under Schedule III

    of the Companies Act, 2013, which of the following items must mandatorily be disclosed under "Other Comprehensive Income" and not in P&L?
    A Amortization of intangible assets Correct Answer Incorrect Answer
    B Gain on disposal of PPE Correct Answer Incorrect Answer
    C Remeasurement of defined benefit plans Correct Answer Incorrect Answer
    D Dividend received from subsidiary Correct Answer Incorrect Answer
    E Share issue expenses Correct Answer Incorrect Answer

    Solution

    AS/Ind AS require actuarial gains/losses on defined benefit plans to be shown under OCI, not P&L.

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