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(a) Identify one other intangible asset that you think Starhub possesses but is not reported on its balance sheet. You need to explain why you believe the company possesses such intangible asset.

(b) Explain why Starhub recognises certain intangible assets in its balance sheet.

(c) Discuss how the recognition criteria of intangible assets specified in FRS38 impact on the usefulness of financial information from the point of view of an external user of the financial statements.

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  • Category:- Accounting Basics
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