mply with the court order. Other entities have incurred around ₱60M for similar cleanup; however, EXHAUSTIVE’s best estimate of the cost of cleanup is ₱80M. How much is the provision to be recognized? a. 60M c. 70Mb. 8
mply with the court order. Other entities have incurred around ₱60M for similar cleanup; however, EXHAUSTIVE’s best estimate of the cost of cleanup is ₱80M. How much is the provision to be recognized? a. 60M c. 70Mb. 8
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Pls answer number 13 with solutions
In 20x1, EXHAUSTIVE COMPLETE Co. received a court order requiring the cleanup of environmental damages caused by one of EXHAUSTIVE’s factory. EXHAUSTIVE has no other realistic alternative but to comply with the court order. Other entities have incurred around ₱60M for similar cleanup; however, EXHAUSTIVE’s best estimate of the cost of cleanup is ₱80M. How much is the provision to be recognized?
a. 60M c. 70M
b. 80M d. 0
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