Question
Question 2 (7 marks) a) Consideration must be sufficient but does not have to be adequate. What does this mean? (3 marks) ANSWER a): b)
Question 2 (7 marks) a) Consideration must be sufficient but does not have to be adequate. What does this mean? (3 marks)
ANSWER a):
b) Can you give examples of consideration which are:
Sufficient but not adequate; (2 marks) and
Not sufficient nor adequate. (2 marks)
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Fundamental financial accounting concepts
Authors: Thomas P. Edmonds, Frances M. Mcnair, Philip R. Olds, Edward
8th edition
978-007802536, 9780077648831, 0078025362, 77648838, 978-0078025365
