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14 3 pts Real Future Co's finance director is checking some of the financial estimates involved. In accordance with IAS37 if the reporting entity is

14 3 pts Real Future Co's finance director is checking some of the financial estimates involved. In accordance with IAS37 if the reporting entity is presently obliged to transfer economic benefit to another party, the occurrence is probable, but the amount cannot be measured with sufficient reliability. Select the correct option stating what this should give rise to in the financial statements: A provision A long-term liability A contingent liability A contingent asset

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