MONETARY ASSETS Definition

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MONETARY ASSETS are measured at their collectible amounts, while nonmonetary assets are measured at historical costs.

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ACB normally refers to adjusted cost base.

INTEREST EXPENSE is the cost of borrowing funds in the current period. It is shown as a financial expense item within the income statement. An interest expense of zero to <15% relative to operating income, within the consumer products industry, is an indicator of a sustainable competitive advantage.

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