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  3. Study Set
    Australian Financial Accounting
  4. Exam
    Exam 32: Accounting for Foreign Currency Transactions
  5. Question
    The Essential Feature of a Non-Monetary Item Is the Absence
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The Essential Feature of a Non-Monetary Item Is the Absence

Question 30

Question 30

True/False

The essential feature of a non-monetary item is the absence of a right to receive (or an obligation to deliver)a fixed or determinable number of units of currency.

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