Do think is appropriate that the various classes

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Problem 1: Deegan, C. (2020). Financial Accounting (9 ed), North Ryde, Australia: McGraw-Hill.4.34 if we look at a reporting entity's statement of financial position, we will see a total given for all of the entity's assets (this is a requirement of AASB 101). This aggregate total is derived by adding together the various classes of current and non-current assets. Do you think it is appropriate that the various classes of assets are simply added together, even though they have probably been measured on a number of quite different measurement bases?

Reference no: EM132961650

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