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- IFRS 4 – Insurance Contracts 0%
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Question 1 of 4
IFRS 4 shall not be applied to which of the following?CorrectIncorrect
Question 2 of 4
Which of the following statements does not agree with IFRS 4?CorrectIncorrect
Question 3 of 4
An insurer shall assess at the end of each reporting period whether its recognized insurance liabilities are __________, using current estimates of future cash flows under its insurance contracts.CorrectIncorrect
Question 4 of 4
If that assessment shows that the carrying amount of its insurance liabilities is inadequate in the light of the estimated future cash flows, __________.CorrectIncorrect