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What should be included in the notes to financial statements regarding "Investments"?
  • a)
    Names of directors holding investments
  • b)
    Market value of investments only
  • c)
    Reconciliation of gross and net carrying amounts
  • d)
    Details of customer transactions involving investments
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
What should be included in the notes to financial statements regarding...
Notes to financial statements should include a reconciliation of the gross and net carrying amounts of investments at the beginning and end of the reporting period. This reconciliation helps users understand the changes in investments, including additions, disposals, acquisitions through business combinations, and impairment losses.
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What should be included in the notes to financial statements regarding "Investments"?a)Names of directors holding investmentsb)Market value of investments onlyc)Reconciliation of gross and net carrying amountsd)Details of customer transactions involving investmentsCorrect answer is option 'C'. Can you explain this answer?
Question Description
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