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Discuss the necessary conditions prescribed in AASB 137 Provisions,Contingent Liabilities and Contingent Assets to recognise provisions.Illustrate how these conditions are satisfied in a product warranty example.
Data Set
A collection of data points or information that can be analyzed or used in research.
Class Intervals
Segments or divisions of data into intervals, often in a frequency distribution, to simplify the representation and analysis of large datasets.
Insurance Company
An insurance company is a financial institution that provides a range of insurance products to protect individuals and businesses against risk.
Homeowners
Individuals or entities who possess ownership rights to a residential property.
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