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IAS 37

Kkat12y ago
I have a building that is held for sale. Some restructuring of the operations are going on due to the sale of the building. Under IAS 37, I recognise provision due to the restructuring and I have to ensure that the gain from the sale has not been taken into account when measuring the provision. Why is it so?
MikeLittleMikeLittleTutor12y ago#1
Because until it's sold you haven't achieved the gain!
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