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    Business
  3. Study Set
    Financial Accounting and Reporting
  4. Exam
    Exam 9: An Overview of Accounting for Liabilities
  5. Question
    Explain,in the Context of the Latest IAS 37,why 'Provisions' for Items
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Explain,in the Context of the Latest IAS 37,why 'Provisions' for Items

Question 2

Question 2

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Explain,in the context of the latest IAS 37,why 'provisions' for items such as future repairs and maintenance are no longer permitted to be recognised.

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