[Demo] IAS 37 – Provisions, Contingent Liabilities and Contingent Assets

Which of the following does define the term “provision”?

An onerous contract is a contract in which __________ of meeting the obligations under the contract __________ the economic benefits expected to be received under it.

Which of the following statements does more likely define the term “restructuring”?

An entity shall not recognise a contingent liability __________.