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Under ASPE, When Deciding Whether to Recognize a Financial Statement

Question 54

Multiple Choice

Under ASPE, when deciding whether to recognize a financial statement element (or not) , and how to measure it, the accountant should


A) always use estimates.
B) record "hard" numbers and ignore "soft" numbers.
C) determine an acceptable level of uncertainty.
D) recognize a financial statement element even if it cannot be measured.

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