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The Corona Virus outbreak has developed rapidly in 2020, with a significant number of infections. Measures taken to contain the virus have affected economic activity,
The Corona Virus outbreak has developed rapidly in 2020, with a significant number of infections. Measures taken to contain the virus have affected economic activity, which in turn had implications on financial reporting. The implications include not only the measurement of assets and liabilities, but also disclosure and possibly an entitys ability to continue as a going concern.
Give an example of these effects from the financial statements of a Palestinian public company listed on Palestine Exchange
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