The Requirement of IAS 37/AASB 137 That a Provision Must

question 44

Multiple Choice

The requirement of IAS 37/AASB 137 that a provision must satisfy the definition of a liability means which of these is not regarded as a liability?

• A) Provision for onerous contracts
• B) Provision for doubtful debts
• C) Provision for warrantee expenses
• D) Provision for long-service leave

---

Definitions:

Transference

A phenomenon in psychoanalysis where patients project feelings about figures from their past onto their therapist.

Psychoanalysis

A therapeutic technique and theory of personality developed by Sigmund Freud, focusing on unconscious motivations and conflicts.

Deceased Brother

A sibling who has passed away.

Unconsciously Motivated

Actions or thoughts stemming from parts of the mind that are beyond conscious awareness, yet influence behavior or emotional responses.