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    Exam 4: Profits, Reserve and Distributions to Owners
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    Under AASB 101 Fire Damage Expense Must Be Recorded as a Loss
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Under AASB 101 Fire Damage Expense Must Be Recorded as a Loss

Question 14

Question 14

True/False

Under AASB 101 fire damage expense must be recorded as a loss and not as an ordinary expense.

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