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The information provided by a balance sheet item is limited because of uncertainty regarding Marked out of 1
The information provided by a balance sheet item is limited because of uncertainty regarding Marked out of 1.00 F Flag question Select one: O a the probability that any future economic benefit will flow to or from the entity. O b. measurement of its cost or value with reliability O c. the change in current value following the end of the reporting period. O d. becuase of the existance of the Goodwell
Expert Solution
answer
c)the change in current value following the end of the reporting period.
explanation
?Balance sheet information and items measured at current value reflect the value that was current at the end of the reporting period.
For all items, an item should be recognized in the financial statements only if it is probable that any future economic benefit .
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