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Financial Reporting (ASPE) > Asset criteria (ASPE) > Flashcards

Asset criteria (ASPE) Flashcards

1
Q

Asset criteria (ASPE)

A

Definition of an asset:
* Future benefit
* Entity can control the benefit
* Event that caused benefit already occurred

Reference: ASPE 1000.25
 

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Financial Reporting (ASPE) (20 decks)

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