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    Intermediate Accounting IFRS Study Set 3
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    Exam 13: Current Liabilities, Provisions, and Contingencies
  5. Question
    Provisions Are Only Recorded If It Is Possible That the Company
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Provisions Are Only Recorded If It Is Possible That the Company

Question 29

Question 29

True/False

Provisions are only recorded if it is possible that the company will have to settle an obligation at some point in the future.

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