Which of the following statements about provisions, contingencies and events after the balance sheet date is/are
correct?
1 A company expecting future operating losses should make provision for those losses as soon as it becomes
probable that they will be incurred.
2 Details of all adjusting events after the balance sheet date must be disclosed by note in a company’s financial
statements.
3 Contingent assets must be recognised if it is probable that they will arise.
4 Contingent liabilities must be treated as actual liabilities and provided for if it is probable that they will arise.
A 4 only
B 2 and 4 only
C 1 and 2 only
D All four statements are correct
A
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发表于 2008-5-15 09:42
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