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Q:1 Discuss and explain If an entity is considering revaluing its exploration and evaluation assets, would the revaluation increase the 'relevance' of the information from
Q:1 Discuss and explain If an entity is considering revaluing its exploration and evaluation assets, would the revaluation increase the 'relevance' of the information from the perspective of the readers of the financial statements? Further, provide an explanation for capitalizing the expenses at the evaluation and exploration stage also restoration of an oil extraction project.
Q:2 Explain what is a hedging arrangement and how does it reduce foreign currency risk exposure?
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