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The company owns a night club that was completely destroyed by fire on 25 August 2023. The night club had a carrying amount in the

The company owns a night club that was completely destroyed by fire on 25 August 2023. The night club had a carrying amount in the draft financial statements of $1,750,000 at 30 June 2023 (Which was equal to it fair value), and was insured for $1,500,000. The company has adequate business interruption insurances

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