Provisions for liabilities
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There are three criteria related to provision recognition:
(1) a past event generating a current obligation
(2) probable generation of a future liability
(3) reliable estimate is possible.
If the three criteria are not satisfied simultaneously, reconsider the need to establish a provision.
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Next There are three criteria related to provision recognition:
(1) a past event generating a current obligation
(2) probable generation of a future liability
(3) reliable estimate is possible.
If the three criteria are not satisfied simultaneously, reconsider the need to establish a provision.
