Explain the different forms of business organizations

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Question: 1. Business organizations can be classified into different legal forms. List and briefly explain the different forms of business organizations

2. IAS 16 Property, plant and equipment identifies and describes two different models of accounting for tangible non-current assets. Discuss the importance of these two models

3. For recording liability , the IASB Framework lists a number of different measurement bases which are employed in different degrees and in varying combinations in financial statements. Discuss these bases with examples.

Reference no: EM132741128

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