Which of the following relating to discounting future liabilities is correct?

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Question:
Which of the following relating to discounting future liabilities is correct?

1.Discounting future cash flows is not aligned with the aims and objectives of sustainability reporting.

2.Discounting distant future costs that are to be incurred increases the current liability that is to be reported now.

3.Discounting costs highlights the savings of future generations due to present generations accounting for the loss now.

4.Discounting social issues are done in terms of the accounting standards so there are no ethical issues as the process is fair.

Posted Date:-2021-11-09 10:15:19

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