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  2. Topic
    Business
  3. Study Set
    International Financial Reporting Standards
  4. Exam
    Exam 24: Provisions, Contingent Liabilities, and Contingent Assets
  5. Question
    With Regards to Restructuring a Business, a Liability Is Only
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With Regards to Restructuring a Business, a Liability Is Only

Question 1

Question 1

True/False

With regards to restructuring a business, a liability is only recognized after the entity has incurred the cost of the restructuring.

Correct Answer:

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