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Does the IASB/AASB Framework adopt the principle of conservatism? Why or why not? Do you think that conservatism is desirable in the definitions of assets,

Does the IASB/AASB Framework adopt the principle of conservatism? Why or why not? Do you think that conservatism is desirable in the definitions of assets, liabilities and equity, or in their recognition criteria? Why or why not

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