Before Comparing Your Facts and Issues with Case Law, It

question 12

Multiple Choice

Before comparing your facts and issues with case law, it is important you properly identify:

• A) important precedent.
• B) facts and issues in your client's situation.
• C) judicial history.
• D) the question presented.
• E) explanatory facts.

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Definitions:

IFRS 9

Financial Instruments, a segment of the International Financial Reporting Standards that addresses the accounting for financial instruments, providing guidance on classification, measurement, impairment, and hedging.

Unrealized Gains And Losses

Increases or decreases in the value of investments or other assets that are not yet sold, thus not officially recorded as income or loss.

Equity Investments

Investments in shares of other companies that grant the holder ownership interests or stakes in the entities.

ASPE

Accounting Standards for Private Enterprises; a set of accounting practices and principles for private companies in Canada.