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- IAS 37 – Provisions, Contingent Liabilities and Contingent Assets 0%
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Question 1 of 4
Which of the following does define the term “provision”?CorrectIncorrect
Question 2 of 4
An onerous contract is a contract in which __________ of meeting the obligations under the contract __________ the economic benefits expected to be received under it.CorrectIncorrect
Question 3 of 4
Which of the following statements does more likely define the term “restructuring”?CorrectIncorrect
Question 4 of 4
An entity shall not recognise a contingent liability __________.CorrectIncorrect