Which of the following best describes a provision according to IAS 37 Provisions, contingent liabilities and contingent assets?
A、A provision is a liability of uncertain timing or amount. B
A、provision is a possible obligation of uncertain timing or amount. C
A、provision is a credit balance set up to offset a contingent asset so that the effect on thestatement of financial position is nil. D
A、provision is a possible asset that arises from past events.
A、A provision is a liability of uncertain timing or amount. B
A、provision is a possible obligation of uncertain timing or amount. C
A、provision is a credit balance set up to offset a contingent asset so that the effect on thestatement of financial position is nil. D
A、provision is a possible asset that arises from past events.
【参考答案及解析】
A provision is a liability of uncertain timing or amount. A contingent liability is a possibleobligation of uncertain timing or amount
A provision is a liability of uncertain timing or amount. A contingent liability is a possibleobligation of uncertain timing or amount