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Under IFRS, Which of the Following Is Used to Measure

Question 78

Multiple Choice

Under IFRS, which of the following is used to measure a liability, if a range of estimates is predicted and no amount in the range is more likely than any other amount in the range?


A) Minimum of the range
B) Maximum of the range
C) Mid-point of the range
D) Average of the range

Correct Answer:

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