Fill the fable below according to the given information 7. which was accepted and started. A company ins going to liquidate one of the business tines. The Company made a detailed formal plan for the liquaidation, Dismission pay for the redundant workers is $300 - The estimated amount of direct expenditure due to closure is $200 The estimated amount of the cost of the workers retraining is $50 The Company had been sued by one of the clients. According to a court decision, the Company don't have to pay damages. The amount of provision in the bookkeeping is $700. 2. Note: if there is no increase or decrease, please write 0. Provision movement table Decrease Closing Opening Increase Liquidation from business line Legal

Fill the fable below according to the given information 7. which was accepted and started. A company ins going to liquidate one of the business tines. The Company made a detailed formal plan for the liquaidation, Dismission pay for the redundant workers is $300 - The estimated amount of direct expenditure due to closure is $200 The estimated amount of the cost of the workers retraining is $50 The Company had been sued by one of the clients. According to a court decision, the Company don't have to pay damages. The amount of provision in the bookkeeping is $700. 2. Note: if there is no increase or decrease, please write 0. Provision movement table Decrease Closing Opening Increase Liquidation from business line Legal

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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