Review Note 14 to Eastplats's financial statements in Appendix A where it reports a provision for environmental

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Review Note 14 to Eastplats's financial statements in Appendix A where it reports a provision for environmental rehabilitation. Why is this accounted for as a provision rather than a contingent liability?
Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...
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Financial Accounting Tools for Business Decision Making

ISBN: 978-1118024492

5th Canadian edition

Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso, Barbara Trenholm, Wayne Irvine

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