Rally Ltd has been mining in Newcastle. A requirement of the local Environment Protection Authority is...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Rally Ltd has been mining in Newcastle. A requirement of the local Environment Protection Authority is that the area to be restored to a state that is beneficial to the local Fauna. Does a liability exist, if so when should a provision for restoration be recognized? Rally Ltd has been mining in Newcastle. A requirement of the local Environment Protection Authority is that the area to be restored to a state that is beneficial to the local Fauna. Does a liability exist, if so when should a provision for restoration be recognized?
Expert Answer:
Answer rating: 100% (QA)
Answer i A provision is a liability of uncertain timing or amount The liability may be a legal oblig... View the full answer
Related Book For
Business Forecasting with ForecastX
ISBN: 978-0073373645
6th edition
Authors: Holton wilson, barry keating, john solutions inc
Posted Date:
Students also viewed these accounting questions
-
In determining if a contingent liability should be recognized or not on the balance sheet at the report date, management must decide if there is a present obligation or a contingent obligation or...
-
Mining is proposed for Wonderful Wilderness. This area provides two benefits: recreation (it is known for its remarkable backpacking opportunities) and biodiversity (it is a unique habitat for...
-
A local government authority is organized so that some operating departments (e.g. building, transport, printing, catering) supply services to several functional departments (e.g. education,...
-
One type of systematic error arises because people tend to think of benefits in percentage terms rather than in absolute dollar amounts. As an example, Samir is willing to drive 20 minutes out of his...
-
People often wait until middle age to worry about having a healthy heart. However, recent studies have shown that earlier monitoring of risk factors such as blood pressure can be very beneficial (The...
-
For the following scenarios, state whether the binomial distribution would describe the probability distribution of possible outcomes. If not, explain why not. a. The number of red cards out of the...
-
In a single stage impulse turbine the blade angles are equal and the nozzle angle is \(20^{\circ}\). The velocity coefficient for the blade is 0.83. Find the mzximum blade efficiency possible. If the...
-
Cost Recovery Method K. B. Sayer Furnishings Inc. had the following sales and gross profit percentages for the years 20102013. Historically, 60% of sales are collected in the year of the sale, 25% in...
-
When a foreign corporation claims the complete termination rule in order to avoid the adverse branch profits tax consequences, several regulatory requirements must be established and one of those...
-
Sage Learning Centers was established on July 20, 2016, to provide educational services. The services provided during the remainder of the month are as follows: July 21. Issued Invoice No. 1 to J....
-
The table shows part of a monopoly's demand (D). Complete the table: Price, Quantity, Marginal revenue, P Q 12 13 14 $30 $29 $28 $27 $26 $25 $24 $23 $22 $21 $20 $19 15 16 17 18 19 20 21 22 23 MR $ SA...
-
Identify one significant way in which Americans seek to build wealth and security for their families. What is it and why is the acquisition of this "thing" important?
-
long-term needs? 9. Why is it important to start saving early to meet your short-term and 10. Explain the concept of compounding and how your money grows. 11. List the various places where you can...
-
Which two tasks can a Cisco ISE administrator perform? ( ( Choose two. ) ) Log in to and configure the network devices that are present in Cisco ISE. Upgrade the software on the network devices...
-
Use both naive Bayes models to assign a class ( ( pos or neg ) ) to this sentence: A good, good plot and great characters, but poor acting.
-
In what way did California of the 1 8 5 0 s differ from the rest of the nation? a . . California was less affluent than other regions of the United States. b . . California had the largest urban...
-
Determine the stresses at points A and B as a results of applying each of the following internal loads N = 300 N, V = 250 N, M = 120 N.m and T = 300 N/m. The diameter is 20 mm. You must show your...
-
Name some of the various types of financial intermediaries described in the chapter and indicate the primary reason(s) each was created.
-
Suppose that sales of a household appliance are reported to be 13,000 units during the first quarter of the year. The seasonal index for the first quarter is 1.24. Use this information to make a...
-
Develop a multiple-regression model for auto sales as a function of population and household income from the following data for 10 metropolitan areas: a. Estimate values for bt). b, and h: for the...
-
The data in the table below represent warehouse club and superstore sales in the United States on a monthly basis. a. Prepare a time-series plot of the data, and visually inspect that plot to...
-
Use the existing pattern in this chapter to model a student email account. a. Draw a class diagram of using Any Account pattern. b. Generate a significant use case for this context. c. Map the use...
-
How do you apply a stable analysis pattern to a particular context?
-
What characteristics do you check for each BO?
Study smarter with the SolutionInn App