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QUESTION 4 a) Distinguish between research and development expenditure and discuss with practical examples five (5) criteria which must be met under IAS 38 (intangible

QUESTION 4

a) Distinguish between research and development expenditure and discuss with practical examples five (5) criteria which must be met under IAS 38 (intangible assets) for development expenditure to be capitalised. [10 marks]

b) Discuss five (5) ways by which the COVID 19 pandemic has affected the preparation and presentation of corporate reports in Ghana. [15 MARKS]

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