Explain why an accounting standard on provisions, contingent liabilities, and contingent assets is necessary based on IAS
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Question:
Explain why an accounting standard on provisions, contingent liabilities, and contingent assets is necessary based on IAS 37. Instructions:
1. In your report, describe and discuss these issues and give one living example for each.
2. Your report should not exceed ten pages with single spacing.
Related Book For
Applying International Financial Reporting Standards
ISBN: 978-0730302124
3rd edition
Authors: Keith Alfredson, Ken Leo, Ruth Picker, Paul Pacter, Jennie Radford Victoria Wise
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