Question 1 using the defination of assetsliability equity, Ask an Expert

Accounting

Question: 1) Using the defination of assets,liability, equity and relevant accounting standard, how a company should classify and disclose the following item in its general purpose financial statement:

a.carbon trading permits issued by government

b.intellentual property developed in a business

c.share option issued to employees.

2) Discuss any accounting and/or non-accounting problems associated with your conclusion to (1) above?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M92712641

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