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SBR > Article 4: Concepts of PLOCI > Flashcards

Article 4: Concepts of PLOCI Flashcards

1
Q

What is the term ‘recycling’?

A

This is where gains or losses are reclassified from equity to P/L as a reclassification adjustment.

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2
Q

Is the reclassification a choice?

A

It is down to individual standards

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SBR (41 decks)

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