Whether interest expense relating to overdrafts and other operating liabilities identified to a particular segment should be included in the segment…
CA Intermediate · Advanced Accounting · RTP · September 2024
Whether interest expense relating to overdrafts and other operating liabilities identified to a particular segment should be included in the segment expense or not?
Suggested Answer and Working Notes:
The interest expense relating to overdrafts and other operating liabilities identified to a particular segment should not be included as a part of the segment expense unless the operations of the segment are primarily of a financial nature or unless the interest is included as a part of the cost of inventories.
Topics: AS 17
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