Multiple Choice
According to IAS 37,with respect to onerous contracts,a provision should be recognized for "unavoidable costs of the contract",which is defined as:
A) the intrinsic value of the contract.
B) the lower of cost or market value of the contract.
C) the lower of cost of fulfillment or the penalty from non-fulfillment of the contract.
D) none of the above.
Correct Answer:
Verified
Correct Answer:
Verified
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