Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

2. Ind AS 108? consisting of chemicals, polymers and related activities. Certain information for financial year X Ltd. is operating in coating industry. Its business

image text in transcribedimage text in transcribed

2. Ind AS 108? consisting of chemicals, polymers and related activities. Certain information for financial year X Ltd. is operating in coating industry. Its business segment comprise coating and others 20X1-20X2 is given below: laking Segments External sale (in lakhs) Tax Other operating Result Asset Liabilities income Coating 2,00,000 5,000 40,000 10,000 50,000 30,000 Others 70,000 3,000 15,000 4,000 30,000 10,000 Additional information: 1. Unallocated revenue net of expenses is 30,00,00,000 2. Interest and bank charges is 720,00,00,000 3. Income tax expenses is 20,00,00,000 (current tax * 19,50,00,000 and deferred tax 50,00,000) 4. Investments 1,00,00,00,000 and unallocated assets 1,00,00,00,000. 5. Unallocated liabilities, Reserve & surplus and share capital are * 2,00,00,00,000, 3,00,00,00,000 & * 1,00,00,00,000 respectively. 6. Depreciation amounts for coating & others are 10,00,00,000 and 7 3,00,00,000 respectively. Capital expenditure for coating and others are 50,00,00,000 and 20,00,00,000 respectively. 8. Revenue from outside India is 3,00,00,00,000 and segment asset outside India * 1,00,00,00,000. Based on the above information, how X Ltd. would disclose information about reportable segment revenue, profit or loss, assets and liabilities for financial year 20X1-20X2? Swers

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions