Examlex
a Briefly define a 'contingency'.
b What are the main requirements of NZ IAS 37 in regard to disclosure of contingencies,and why are they disclosed?
Face Value
The nominal or dollar value printed on a security, such as a bond or stock, representing its official worth.
Quoted Price
The ongoing price tag attached to buying or selling a service or asset.
Selling Price
The amount of money a customer pays to purchase a product or service.
Market Interest Rate
The prevailing rate of interest available in the marketplace for securities of similar risk and maturity.
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