Question
Vidya Ltd invested its idle cash into equity shares of X
Ltd by buying 1,000 shares at ₹120 per share and paying Brokerage and taxes amount ing to ₹10,000. At year-end, the fair market value of the investment was ₹1,05,000. As per AS 13, what amount should be shown as the value of current investment in the balance sheet of Vidya Ltd ?Solution
Explanation:
As per AS 13, current investments are carried at lower of cost and fair value .
- Cost = (1,000 × ₹120) + ₹10,000 = ₹1,30,000
- Fair value = ₹1,05,000
Hence, value in books = ₹1,05,000 -
If a bank enters the insurance market by launching its own insurance subsidiary, it is practicing:
A survey of military health care providers on what types of supplies and how much should be stockpiled in the event of a bioweapons' terrorist attack co...
In the buying decision process, what follows evaluation of alternatives?
During the maturity stage of the product life cycle, profit declines because:
What is the primary purpose of LinkedIn?
Quick response and efficient consumer response delivery systems are most closely related to:
Which of the following explains a person's consistent behaviour or response to recurring situations?
The type of need which is clearly specified by the customer is known as ___________.
Special marketing efforts are usually needed to communicate the benefits to potential buyers of ________________, because they are intangible.
Consumers' ability to perceive taste differences in chocolate bars is an example of:
