Which of the Following Does Not Result in the Recognition

question 25

Multiple Choice

Which of the following does not result in the recognition of a provision in the balance sheet?

• A)the expected future warranty claims in respect of goods sold during the reporting period
• B)a final dividend declared by directors after the reporting date
• C)the amount of employee annual leave accrued but not taken at reporting date
• D)the company has been held liable for damages for breach of copyright but the court is yet to determine the amount of damages payable to the copyright owner.

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Definitions:

Biological Rhythm

Natural cycles of physical, emotional or mental activity in living beings, often aligned with daily, tidal, seasonal, or lunar cycles.

Rotational Schedule

A work or duty schedule that rotates employees through different tasks, shifts, or positions over a certain period.

Vitamin Supplements

Products containing vitamins that are taken to supplement the diet and ensure adequate nutrient intake.

Caffeine

A stimulant to the central nervous system that is the most widely consumed psychoactive substance in the world, commonly found in coffee, tea, soft drinks, and chocolate.