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Which a present obligation that is possible

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Problem 1: If the carrying amount of an asset is less than its recoverable amount, the asset ...

a) is impaired                     c) is not impaired

b) should be written-down       d) should be written off in P&L

Problem 2: According to PAS 37, a present obligation that is possible and can be measured reliably is...

a) recognized              c) disclosed only

b) recognized disclosed   d) ignored

Reference no: EM132757023

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