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Sir,for PYQ Mar/June 2019 Q2 (c) “Second paragraph”
“Net expense should be recognised for the termination payments on the assumption that they would exceed the reduction in the present value of the obligation from the curtailment”
1.Is it refers to curtailment loss?or others?
Thank you
He means that if it costs more than the CA amount of the liability to settle the liability – there will be an extra expense in the P&L
Hi, Sir, what is the CA amount stand for in your answer, is it current asset?
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