To classify a joint arrangement as either a joint operation or a joint venture, the Islamic bank

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To classify a joint arrangement as either a joint operation or a joint venture, the Islamic bank should consider:

a. Structure and legal form of any separate vehicle

b. Expenses, including its share of any expenses incurred jointly

c. Assets, including its share of any assets held jointly

d. Liabilities, including its share of any liabilities incurred jointly

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Related Book For answer-question

Financial Reporting For Islamic Financial Institutions Accounting Standards Interpretation And Application

ISBN: 9781032464022

1st Edition

Authors: Abdul Rauf Mahar, Ayesha Bhatti, Muhammad Junaid Ashraf, Asfand Zubair Malik

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Question Posted: Mar 11, 2024 03:31 AM

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To classify a joint arrangement as either a joint operation or a joint venture, the Islamic bank

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Financial Reporting For Islamic Financial Institutions Accounting Standards Interpretation And Application

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