How Should Non-Current Financial Liabilities Be Recorded Initially

question 19

Multiple Choice

How should non-current financial liabilities be recorded initially?

• A)At face value.
• B)At fair value.
• C)At fair value less transaction costs.
• D)At face value less transaction costs.

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Definitions:

Andrew Ure

A Scottish doctor, scholar, and industrialist of the 19th century, known for his contributions to the study of economics and manufacturing.

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