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Exit VCEDump CIMA-F1 F1 - Financial Reporting

Q23 Single choice

Which of the following correctly describes a provision in accordance with IAS 37?

A
A contingent liability that is probable and measurable.
B
An amount set aside for a specific future expenditure.
C
A present obligation resulting from past events, where settlement is probable.
D
A liability that may or may not arise depending on a future event.

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