Which of the Following Statements Is/are Correct

question 51

Multiple Choice

Which of the following statements is/are correct?

• A) AAS 25 requires that the obligations for accrued benefits of a defined benefit plan be discounted to their present value but there is no specific requirement to discount other liabilities.
• B) AAS 25 requires all assets of superannuation plans to be measured at net market values.
• C) AAS 25 requires changes in assets of superannuation plans to be recognised as revenue for the reporting period.
• D) All of the give answers are correct.

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