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4. Identify and describe the different types of financial liabilities. 5. Describe the initial recognition, initial measurement, subsequent measurement, reclassification, derecognition, and financial statement presentation

4. Identify and describe the different types of financial liabilities.

5. Describe the initial recognition, initial measurement, subsequent measurement, reclassification, derecognition, and financial statement presentation of financial liabilities.

6. Describe and how do we apply debt restructuring.

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