Wonder Ltd rents office space from a landlord at N$ 45 000 per month. It uses this space to run
a business selling pharmaceutical products. At 31 October 2020, it pays the rent for November
2020.
Required:
From Wonder perspective, prove that this payment is an asset as at 30 October 2020. (7 marks)
2. Chapter 2 of the conceptual Framework clarifies what makes financial information useful, that
is, information must be both relevant and must faithfully represent the substance of financial
information.
Required:
Briefly discuss the significance of prudence, substance over form and measurement uncertainty on
the usefulness of financial information (6 marks).
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the star that the Earth moves around and that gives the Earth heat and light. : any star that has planets which move around it. : the heat or light produced by the sun : sunshine or sunlight.
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Dicot stem can feature secondary growth as a result of secondary vascular tissues and periderm formation. No secondary growth is witnessed in case of monocots
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