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12. One constraint on useful financial reporting is that costs should be justified by the of the reported financial information. 18. Assets that are carried
12. One constraint on useful financial reporting is that costs should be justified by the of the reported financial information. 18. Assets that are carried at the amount of cash or cash equivalents that would have to be paid if the same or an equivalent asset was acquired currently is measured using the 14. Under the approach, investment must be recovered before a company can have income. 15. The objective of PAS 1 is to prescribe the basis for presentation of general-purpose financial statements in order to ensure
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