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Use the aasb frameworks definition

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Reference no: EM13491622

You are a graduate accountant employed by Murray Certified Practising Accountants. One of your clients, Sandy Herold, has enquired as to why you have not included the employees of her company as assets in the financial statements for the year ended 30 June 2012.

Required (approximately 400 words):

Use the AASB Framework's definition and recognition criteria of assets to explain to Sandy why you have excluded employees from the financial statements.

 

Reference no: EM13491622

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