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.
Correct Answer:
Verified
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B)
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