If a company that uses IFRS determines that a provision must be accrued and estimates a range

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If a company that uses IFRS determines that a provision must be accrued and estimates a range of possible outcomes between $60,000 and $100,000 with no one amount being more likely than another, what amount should be accrued as a provision?

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Intermediate Accounting

ISBN: 978-0324659139

11th edition

Authors: Loren A. Nikolai, John D. Bazley, Jefferson P. Jones

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Question Posted: Jan 21, 2014 04:53 AM

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If a company that uses IFRS determines that a provision must be accrued and estimates a range

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Under IFRS if there is a range of possible outcomes with no amount being more likely than anot...View the full answer

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