Damma is currently being sued by a dissatisfied customer who is claiming damages of 90,000 in...

    

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Damma is currently being sued by a dissatisfied customer who is claiming damages of €90,000 in respect of losses suffered due to the negligence of Damma's staff. Legal advice is that there is an 90% possibility of Damma being found liable in this matter. Damma plan to make a counter-claim for €20,000 in respect of this matter and have been advised that there is a 90% probability of being successful. The provision amount to be included in the accounts is? O a. 70,000 O b. 90,000 O c. 0 O d. 20,000 Damma is currently being sued by a dissatisfied customer who is claiming damages of €90,000 in respect of losses suffered due to the negligence of Damma's staff. Legal advice is that there is an 90% possibility of Damma being found liable in this matter. Damma plan to make a counter-claim for €20,000 in respect of this matter and have been advised that there is a 90% probability of being successful. The provision amount to be included in the accounts is? O a. 70,000 O b. 90,000 O c. 0 O d. 20,000

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The provision amount to be included in the accounts should take into account both ... View the full answer