Answer to Question #58529 in Other Other for lingling
to make a provision for the future costs of termination in the 20X6 profit or loss. Its argument
was that a liability existed in 20X6 which should be recognised in 20X6. The auditor objected to
recognising a liability, but agreed to recognition if it could be shown that the management decision
Discuss whether a liability exists and should be recognised in the 20X6 statement of financial position.
Need a fast expert's response?Submit order
and get a quick answer at the best price
for any assignment or question with DETAILED EXPLANATIONS!