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    Intermediate Accounting Study Set 6
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    Exam 13: Current Liabilities and Contingencies
  5. Question
    When a Contingency Must Be Accrued Under IFRS, the Charge
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When a Contingency Must Be Accrued Under IFRS, the Charge

Question 87

Question 87

Multiple Choice

When a contingency must be accrued under IFRS, the charge is referred to as


A) an extraordinary loss
B) a provision
C) an appropriation
D) a risk expense

Correct Answer:

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