Question Tag: Measurement Basis

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  • 1 Marks

FA – May 2023 – L1 – SA – Q2 – Elements of Financial Statements

Identifying the appropriate measurement basis when a company is not a going concern.

Which of the following is a measurement basis for the elements of financial statement when a company is NOT a going concern?

A. Historical cost

B. Current cost

C. Realisable value

D. Present value

E. Value in use

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  • 1 Marks

FA – May 2023 – L1 – SA – Q2 – Elements of Financial Statements

Identifying the appropriate measurement basis when a company is not a going concern.

Which of the following is a measurement basis for the elements of financial statement when a company is NOT a going concern?

A. Historical cost

B. Current cost

C. Realisable value

D. Present value

E. Value in use

Login or create a free account to see answers

Login
Register

Find Related Questions by Tags, levels, etc.

Report an error
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You're reporting an error for "FA – May 2023 – L1 – SA – Q2 – Elements of Financial Statements"

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