Assume that a company is not legally required to restore the land after it has ceased mining.
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Assume that a company is not legally required to restore the land after it has ceased mining. Nevertheless, it has determined that it will restore the land because ‘it is the right thing to do’. Would the company recognise a liability?
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The recognition of liabilities is not restricted to liabilities that only arise because of legal obligations Constructive or equitable obligations can ...View the full answer
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