Question: Discuss the key differences between contingent liability and provision in according to AASB 137/1AS 37. Provide at least one example of a provision and a

Discuss the key differences between contingent liability and provision in according

Discuss the key differences between contingent liability and provision in according to AASB 137/1AS 37. Provide at least one example of a provision and a contingent liability. (4 marks)

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