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Ask the Tutor ACCA SBR

June 2014 Minco (c)

SS8y ago
Why can't we treat the possible payments as financial liabilities ? Minco do have contractual obligation to deliver cash right ?
P2-D2P2-D2Tutor8y ago#1
Hi, We are accounting for uncertainty with regards to estimating the amount that the repairs would cost, so we would account for the item under IAS 37. Thanks
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