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Legal costs (to be incurred whether the claim is successful or not) 80,000
Settlement of claim if successful 900,000
980,000According to IAS 37 Provisions, contingent liabilities and continent assets, how should this claim be treated in Bliss Co’s financial statements?
How should this information be reported in the financial statements of Miller Co for the year ended 31 December 20X6?
What should be reported in Ring Co's statement of profit or loss for the year to 31 October 20X9 in respect of the provision?
How should this information be accounted for in the financial statements for the year ended 30 June 20X9?
How should this information be accounted for in the financial statements of Morgoose for the year ended 30 June 20X9?
What amount should Giaus include as a provision in his financial statements for the year ended 31 December 20X9?
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