Which of the Following Is Not True of a Provision

question 5

Multiple Choice

Which of the following is not true of a provision:

• A)provisions are measured at the discounted value of the amount required to settle the obligation.
• B)provisions are a type of liability
• C)accumulated depreciation and accumulated impairment are types of provisions
• D)to be recognised, a provision must satisfy the recognition criteria for a liability.

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Definitions:

Pregnant Women

Refers to females who are in the process of carrying a developing embryo or fetus within their uterus.

Drug Abuse

The misuse of substances, including alcohol and prescription and illegal drugs, leading to health issues or social, personal, and legal problems.

Newborn Baby

An infant that is within the first two to four weeks of life, characterized by rapid developmental changes and adaptation to the external environment.

Neonate

A newborn baby, especially one that is less than four weeks old.