1. The cost of Right shares is
A) added to the cost of investments. ✓
B) subtracted from the cost of investments.
C) no treatment is required.
D) added to cost of investments at market value.
CA Intermediate Paper 1
AS 13 - Accounting for Investments MCQ
Chapter 13 • 5 Questions from ICAI Study Material
Questions
5
Est. Time
8 min
Source
ICAI Book
Question 1 of 5 0 correct | 0 wrong
Explanation:
Common Mistake:
Key Concept:
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Keyboard: 1-4 to select, ← → to navigate
Sample Questions: AS 13 - Accounting for Investments
Preview 3 of 5 questions from Chapter 13
2. Long term investments are carried at
A) fair value.
B) cost less ‘other than temporary’ decline. ✓
C) Cost and market value whichever is less.
D) Cost and market value whichever is higher.
3. Current investments are carried at
A) Fair value.
B) cost.
C) Cost and fair value, whichever is less. ✓
D) Cost and fair value, whichever is higher.