Examlex
Which of the following is NOT a manager quality?
Initial Recognition
The process of recording an asset or liability for the first time in the financial statements, according to its fair value.
Monetary Item
Financial records and objects that can be valued and expressed in money terms, such as cash or receivables.
Direct Rate
A price or cost that can be directly tied to the production of specific goods or services, without any allocation.
Exchange Loss
occurs when a decrease in the value of a foreign currency relative to the reporting currency leads to a loss when foreign currency transactions are settled or translated.
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