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What is the definition of a contingent liability

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Reference no: EM132962533

Problem 1) List and describe the three (3) elements required for an investor to be considered to have control of a business entity.

Problem 2) According to paragraph 10 of AASB 137/IAS 37, what is the definition of a contingent liability?

Problem 3) Define a provision according to AASB 137/IAS 37.

Reference no: EM132962533

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