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According to the Conceptual Framework,recognition of an Asset Occurs If

Question 8

Multiple Choice

According to the Conceptual Framework,recognition of an asset occurs if it is probable that future economic benefits will flow to the entity and:


A) it has a value that can be measured with reliability.
B) it is a non-current asset.
C) it has a value that can be measured with certainty. d,it is a current asset.

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