The measurement of a liability shall be the best estimate of the expenditure required to settle the
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The measurement of a liability shall be the best estimate of the expenditure required to settle the present obligation. How is present value related to the estimation?
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AASB 137IAS 37 paragraph 42 requires that the risks and uncertainties surrounding the events and cir...View the full answer
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Related Book For 
Financial Reporting
ISBN: 9780730396413
4th Edition
Authors: Janice Loftus, Ken Leo, Sorin Daniliuc, Belinda Luke, Hong Nee Ang, Mike Bradbury, Dean Hanlon, Noel Boys, Karyn Byrnes
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