Identify whether the following can be recognised as either a contingent liability, provision or contingent...
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Accounting
Identify whether the following can be recognised as either a contingent liability, provision or contingent asset?
a) ABC Limited is expecting that 5% of each debtors book value of R2 000 000 will not be recovered
b) An employee was injured at work and is suing his company for R10 000 000. The lawyers have advised that it is unlikely that the claim will be unsuccessful.
c) If a company has decided to restructure the division but has
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