Question: Should company B recognise a liability for damages in its financial statements at 30 June 2013? How should it deal with the information it receives

Should company B recognise a liability for damages in its financial statements at 30 June 2013? How should it deal with the information it receives two weeks after the financial statements are published?

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At 30 June 2013 Present obligation as a result of a past obligating event On the basis of the eviden... View full answer

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