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Initial recognition of Biological assets
Financial Reporting
answered on 15-Mar-25 18:24
Dear Sir, Can you please clarify that in Illustration-2 you have mentioned that the cost to sell to be reduced from the purchase cost even if it is borne by the seller, for initial recognition. However, in the illustration -3 you have considered the 2% fee charged by the auctioneer's fee but not the 4%. What makes the difference in 2 cases?
latest answer
The question to ask is whether we will incur the cost when we sell the biological asset. IN case of auction, we need to check how much would we pay when we sell. We would pay 2%. The 2% that we pay when we buy is not relevant for valuation.
Chaitanya Sai Gupta
CA Final
★ 4K+
1
274
SPOM
Others
answered on 15-Mar-25 18:41
Can we change the papers of set c and set d spom from what we have registered during out final registeration?
latest answer
I guess you need to complete mandatory hours for the subject for which you want to write the exam.
Gayathri S Nambiar
CA Final
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3
210
addition error.
Direct Taxation
answered on 15-Mar-25 11:33
sir, deduction under section 24(b) answer is 33000 sir, i.e 90000/5 is 18k + 15000.
latest answer
Thank you. Will get it rectified.
Ashwin Karthik
CA Inter
★ 170
1
213
Holding company and Subsidiary
Corporate & Other Laws
answered on 15-Mar-25 13:54
Please see the photo And answer the Briefy with explanation with bare act refrence
latest answer
A is subsidiary of B & C B is subsidiary of C Refer section 2(87). subsidiary company” or “subsidiary”, in relation to any other company (that is to say the holding company), means a company in which the holding company— (i) controls the composition of the Board of Directors; or (ii) exercises or controls more than one-half of the total voting power either at its own or together with one or more of its subsidiary companies (ii) is relevant explanation here.
Chan Dra
CA Final
★ 0
1
251
Total assets
Financial Management
answered on 17-Mar-25 09:51
Total assets = equity+deb+current liabilities Current liabilities?
latest answer
Total assets = Equity + Total liabilities This can be broken down as Equity + Long term liabilities (generally debt) + current liabilities.
anju B
CA Inter
★ 21K+
1
189
Market Variance
AFM
answered on 18-Mar-25 14:43
Sir @30mins10secs you took Market Variance Of 18.52 Which you said as Actual Variance in the beginning of the video and also said Expected Market Variance as 36. Can you say why we are not considering the Expected Market Variance?
latest answer
In the previous question they have just given market variance, whereas in this question we have both market variance for a specific period (18.52), and LT Historical Mkt variance which is what is expected over a period of time (36%) Given that we are computing weights based on specific period performance we take market variance for that period only for computing weights in all our initial computations However when we project LT variance and LT returns i.e in a stead state for this portfolio, we consider market return and market variance of 8% & 36% ( last step) please dont spend time on this concept as this will not come in exam at all. Even if it comes, pls don't solve as it will take away too much of your time
Mohanbabu N
CA Final
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1
204
Illustration 3
Financial Reporting
answered on 14-Mar-25 18:29
Please provide the written answer
latest answer
Solutions have been compiled in soft copy and is available in Ind AS course - Notes. Let me know if you are not able to find it.
shilpa menon
CA Final
★ 2K+
1
184
Earnings growth from 3rd onwards is 10%
AFM
answered on 14-Mar-25 16:56
Hi Sir, If we compute P2 instead of P3 & discount to present value, is it incorrect way computation
latest answer
Mine is a serious response and I am not trying to offend u. Pls compute and check
priyadharshini priya
CA Final
★ 2K+
2
247
IND AS 23
Financial Reporting
answered on 14-Mar-25 18:23
Sir can processing charges added to cost of borrowings,
latest answer
Yes. It will be used to incrrease the effective interest rate.
R Yashwanth Kumar
CA Final
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1
188
supplier of service availed composition under 10(2A) PLANNING TO SUPPLY GOODS
Indirect Taxation
answered on 15-Mar-25 11:45
PLEASE ANSWER FOLLOWING QUESTION
latest answer
Yes they can.
Nisam M
CA Final
★ 1K+
8
259