question 4

Quelul compie saus The decision to expense or capitalise an item is important because: it may have direct implications for the value of the organisation and wealth of managers it may have an impact on contractual arrangements that are based on accounting numbers related to profits and/or assets it may give managers scope to maximise personal wealth, in line with Positive Accounting Theories All of the given options are correct. QUESTION 4 The Conceptual Framework, when it was released in 2018, grouped existing measurement bases into two broad categories: historical cost and current value fair value fulfilment value current cost QUESTION 5 Which among the following is not a current value measurement? Fair value Value in use (for assets), or fulfilment value (for liabilities) Current cost Historical cost Click Save and Submit to save and submit. Click Save All Answers to save all answers