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17) According is the conceptual framework, which of the following statements is false? a) An asset Is a present economic resource controlled by the entity
17) "According is the conceptual framework, which of the following statements is false?" a) An asset Is a present economic resource controlled by the entity as a result of past events. b) A liability is a future obligation of the entity to transfer an economic resource as a result of past events. c) An economic resource is a right that has the potential to produce economic benefits. d) An obligation is a duty or responsibility that the entity has no practical ability to avoid
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