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Find which the definition of the asset is based on

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Reference no: EM132759488

Problem 1: Asset is a resource that is held by the entity as a result of past events and from which future economic benefits are expected to flow to the entity. the definition of the asset is based on

Option 1: KKPK 2018
Option 2: KKPK 2016
Option 3: KKPK 2019
Option 4: KKPK 2020

Problem 2: Which of the following transactions gives rise to an obligation

Option 1: PT Merapi receives a full payment in advance from a customer for the product ordered today. new products will be finished and shipped in the next two months
Option 2: PT Abeko was formally sued by a researcher for infringement of intellectual property rights
Option 3: a company places a purchase order for raw materials from a supplier
Option 4: there is no right answer

Reference no: EM132759488

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