Question: please answer both parts to this question in a timely manner. thank you Question 2 A What is the amount of the provision that should

please answer both parts to this question in a timely manner. thank you

Question 2 A What is the amount of the provision that should be provided for by the company in accordance with IAS 37 based on the scenarios below? i. Somerset Deliveries Plc is an outsourcing company that does deliveries for Several other companies. The company is being sued by a customer for $ 500 000 for breach of contract over a cancelled order. The company has obtained legal opinion that there was a 20% chance that the company will lose the case. Accordingly, the company has made a provision of $100 000 ($500 000

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