The Costs Under an Onerous Contract Are Measured As

question 26

Multiple Choice

The costs under an onerous contract are measured as:

• A) the lower of cost or net market value.
• B) the present value method using a risk-free discount rate.
• C) the unavoidable costs of meeting the obligations discounted by reference to market yields at reporting date.
• D) the lower of the cost of fulfilling the contract and any compensation or penalties arising from failure to fulfil the contract.

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