Question

Which of the following would generally NOT qualify for recognition as a provision under IAS 37?

• A. A probable future sale of goods without a present obligation
• B. An uncertain future tax liability without a present obligation
• C. A highly probable future marketing campaign without a present obligation
• D. A contingent liability that is only possible but not probable

Answer 1

Answer:

C. A highly probable future marketing campaign without a present obligation

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