Which of the following are the three essential criteria in the definition of an asset:
I.
Future sacrifices of economic benefits
IV.
Past event.
II.
Future economic benefits.
V.
Ownership.
III.
Present obligation.
VI.
Control.
In AASB 107, is/are short-term, highly liquid investments that are readily convertible into
known amounts of cash and are subject to an insignificant risk of change in value.
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