firm purchase commitment

Article ID: 1979
Last updated: 14 Feb, 2022

An agreement with an unrelated party, binding on both parties and usually legally enforceable, that (a) specifies all significant terms, including the price and timing of the transactions, and (b) includes a disincentive for non-performance that is sufficiently large to make performance highly probable.

(According to International Accounting Standards IFRS 5)

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Article ID: 1979
Last updated: 14 Feb, 2022
Bản cập nhật: 1
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Ngày đăng: 14 Feb, 2022 by Nguyễn Chinh - Công ty Tâm An
Ngày cập nhật: 14 Feb, 2022 by Nguyễn Chinh - Công ty Tâm An
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