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<p>Which of the following statements about provisions, contingencies and events after the balance sheet date is/are<br/>correct?<br/><br/>1 A company expecting future operating losses should make provision for those losses as soon as it becomes<br/> probable that they will be incurred.<br/>2 Details of all adjusting events after the balance sheet date must be disclosed by note in a company’s financial<br/> statements.<br/>3 Contingent assets must be recognised if it is probable that they will arise.<br/>4 Contingent liabilities must be treated as actual liabilities and provided for if it is probable that they will arise.<br/><br/>A 4 only<br/>B 2 and 4 only<br/>C 1 and 2 only<br/>D All four statements are correct</p><p><br/>A</p> C 1 and 2 only a c ccc 1&2 C u C thx页:
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