Answer:
Option A is correct which states that".There is no such thing, in IASB standards, as a "contingent asset"
No because they aren't Fair
Answer:Conditional approval
Explanation:This is a loan that has been approved but there are still conditions which are still pending that need to be met such as some outstanding documents or other conditions such as in this case they still need to take this pledge to the subdivision sales agent.
Answer:
1. decrease taxes
2. increase government spending
Explanation:
GDP stands for Gross Domestic Product. It is a country total produces in terms of services and goods in an fiscal year or financial year.
According to the question, if the real GDP drops, then a fiscal policy to increase the GDP, the Government should decease the taxes as it will motivate the workers and the employees to work more to increase the products.
Also increasing the spending of the Government in the form of subsidies so that output will increase.
Therefore, the possible fiscal solutions to make the real GDP rise to a higher level are :
1. decrease taxes
2. increase government spending
