4. What is the specific citation that describes the disclosure requirements in the notes to the financial statementsfor exit or disposal obligations?

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A: GAAP:

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Q: (ii)Fundamental Assumptions are always required to be disclosed in the financial statements.

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A: Financial statements shows the position of a company.  Balance sheet,  profit and loss statement ,…

Q: erecognition of Provision PAS 37

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A: Hi student Since there are multiple questions, we will answer only first question.

Q: Which of the following statements about IFRS and GAAP accounting and reporting requirements for the…

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Q: Why do you need to make necessary disclosures in financial statements?

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Q: purpose of the balance sheet and disclosure notes

A: Balance sheet is a part of financial statements of an entity.