As per AS 20 if shares are issued for no consideration (without any change in resources then restatement of EPS should be made for all reporting periods. What exactly constitutes the term resources/ consideration? Does it only mean items like cash, asset, conversion of debt and so on, where there is a apparent change in resources? If shares are issued by a company for services rendered to them then whether restatement is required in such a case or can the services rendered be considered as adequate consideration?
Menu
AS 20
Replies (1)
Dear Mayuri,
Shares issued against services rendered amts to share issued for adequate consideration and will not require restatement of EPS of earlier reporting period.
Thanx & Regards
Hitesh
Recent Threads
- Delivery Challan serial number Issue and return ru
- After filing form 71 For TDS mismatch
- UNCLAIMED TDS REFUND QUERY
- Rcm payable which head
- Query of GST
- Long Term Capitalgains on sale of residential prop
- How Salaried Individuals Can Reduce Capital Gains
- NSTPI registration
- GST PAID IN DELHI
- How to Trade Forex in India?
Related Threads
CAclubindia
