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Under IFRS, the measurement of a provision related to a contingency is based on ...

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Question

Accounting

Under IFRS, the measurement of a provision related to a contingency is based on

A. the best estimate of the expenditure required to settle the obligation.

B. the minimum amount from among a number of alternative estimates.

C. an average from among a number of alternative estimates.

D. whatever management feels that shareholders would be willing to accept because of the

impact on current earnings.

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