On the Reporting of Liabilities Where a Range of Values

question 28

Multiple Choice

On the reporting of liabilities where a range of values exists as a possible outcome, IFRS requires which of the following points to be recorded as a provision, if the outcome is probable?

• A) Low end of the range.
• B) High end of the range.
• C) Midpoint of the range.
• D) IFRS presents no specific guidance as to this point.

Understand the factors influencing the reserved quantity for higher price segments and spot markets.

Learn the importance of shifting demand from peak to off-peak periods for supply chain profitability.

Know how revenue management tactics are devised based on customer behavior forecasts.

Understand the concepts of supply chain assets and their forms.

---

Definitions:

Suicide By Cop

A situation where an individual engages in threatening behavior with the intention of provoking a lethal response from law enforcement officers.

Foreknowledge

Having prior knowledge or awareness of an event, action, or situation before it happens, often implying a level of insight or information about future occurrences.

Durkheimian Model

A sociological approach based on the works of Émile Durkheim that focuses on social solidarity and the function of societal institutions in maintaining social order.

Kamikaze Pilots

Military aviators of World War II Japan who carried out suicide attacks, typically against naval vessels, as part of their duty.