Answer to Question #237619 in Other for Josef

Question

(b) A transaction took place during the year which is capable of impacting the economic
decisions of the users, both currently and potentially in the future. The exact details of
the transactions are still not available but are likely to be finalized halfway through the
next financial year.
Should the information, in its current state, be included in the current financial statements?
(9 marks)

Answer 1

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