A purchase commitment represents a What? A. An option to purchase B. A contingent asset C. A sale on credit D. A firm order to buy help
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A purchase commitment represents a What? A. An option to purchase B. A contingent asset C. A sale on credit D. A firm order to buy help
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- Please answer with reason for all why the option is correct and why the other options are incorrect... 46. Identify the asset from the following A.Cash and cash equivalent B.Creditors C.Notes payable D.Bank loan8) Which of the following is NOT an element in the terms of sale?Loans and receivable should be measured subsequent to initial recognition at * a. Amortized cost using the straight line method b. Fair value c. Fair value plus transaction cost d. Amortized cost using the effective interest method
