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Lecture Tutorial - P, CL and CA (A) PDF

3 Pages·2020·English
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by ['yym cindyy']| 2020| 3 pages| English

About Lecture Tutorial - P, CL and CA (A)

1. Diamond Bhd should recognize a provision of RM300,000 for the damages from the patent infringement case on its statement of financial position as of December 31, 2018 since it is probable it will lose the case. 2. Ruby Bhd should not recognize the RM100,000 contingent asset from suing Dane Bhd on its statement of financial position as of December 31, 2018 since it is not virtually certain. It should disclose the nature and estimated financial effect in notes. 3. For the situations involving White Bhd, Green Bhd, Blue Bhd, and Red Bhd, the document discusses how each entity should account for the transactions in accordance with MFRS 137 based on whether provisions

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Author:['yym cindyy']
Publication Year:2020
Pages:3
Language:English
Format:PDF
Price:FREE
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