Retained profits and share dividends represent elements of earned capital.
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Q14: Even if a liability meets the Framework
Q15: Under the proprietorship theory of accounting the
Q16: The entity view of accounting was formulated
Q17: The IASB has decided not to treat
Q18: A present obligation that will transfer assets
Q20: Future warrantee claims should not be recorded
Q21: 'Legal rights should be the only basis
Q22: The usual measurement basis allowed by the
Q23: The statement that is true in respect
Q24: With respect to the IASB Framework's definition
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