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NEW QUESTION 21
In relation to financial statements, the 'true and fair override' indicates that
Answer: D
NEW QUESTION 22
An element is recognised in the statement of financial position or statement of comprehensive income if
I.
the value of the item can be measured reliably.
II.
the value of the item can be measured accurately.
III.
it is certain that there will be future economic benefits associated with the item.
IV.
it is probable that there will be future economic benefits associated with the item.
Which of the above options are correct?
Answer: D
NEW QUESTION 23
Which one of the following shows whether the financial statements of a company show a true and fair presentation of the financial performance of the company?
Answer: A
NEW QUESTION 24
......
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