Question: QUESTION 4: (a)Is there a consequence for reported profit or loss of the issuer if a preference share classifies the instrument as debt rather than

QUESTION 4:

(a)Is there a consequence for reported profit or loss of the issuer if a preference share classifies the instrument as debt rather than equity? Explain the consequence.

(b)What is the definition of Fair Value in ASSB 13? And what is the meaning of 'orderly' transaction'?

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