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Which of the Following Is Not True of a Provision

Question 5

Multiple Choice

Which of the following is not true of a provision:


A) provisions are measured at the discounted value of the amount required to settle the obligation.
B) provisions are a type of liability
C) accumulated depreciation and accumulated impairment are types of provisions
D) to be recognised, a provision must satisfy the recognition criteria for a liability.

Correct Answer:

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