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Subject: FINANCIAL ACCOUNTING The unwinding of discount on provisions is a) Ignored until settlement b) Added to provision amount only c) Recorded in equity d) Treated as interest expense

Subject: FINANCIAL ACCOUNTING The unwinding of discount on provisions is a) Ignored until settlement b) Added to provision amount only c) Recorded in equity d) Treated as interest expense

Financial Accounting Intro Concepts Meth/Uses
Financial Accounting Intro Concepts Meth/Uses
14th Edition
ISBN:9781285595047
Author:Weil
Publisher:Weil
Chapter8: Revenue Recognition, Receivables, And Advances From Customers
Section: Chapter Questions
Problem 12Q
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Subject: FINANCIAL ACCOUNTING The unwinding of discount on provisions is a) Ignored until settlement b) Added to provision amount only c) Recorded in equity d) Treated as interest expense
Transcribed Image Text:Subject: FINANCIAL ACCOUNTING The unwinding of discount on provisions is a) Ignored until settlement b) Added to provision amount only c) Recorded in equity d) Treated as interest expense
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