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Which of the following transactions would be acceptable as a provision under the terms of IAS 37? A. FG acquired RST and provided for likely future operating losses at the date of acquisition amounting to $250,000. B. CDE was ordered by its local authority in October 20X1 to implement pollution control measures during 20X2 for one of its factories. Accordingly a provision of $0.5m was set up at 31 December 20X1. C. In January 20X2,ABC contracted with a training company to provide essential training for its workforce to be carried out in January and February 20X2. A provision for the necessary expenditure was created in its accounts at 31 December 20X1. D. XYZ decided to reorganise a manufacturing facility during November 20X1 and commissioned a consulting engineer to undertake a feasibility study. A provision of $2 million for the reorganisation was created at 31 December 20X1. |