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According to IAS 37, Provisions, Contingent Liabilities, and Contingent Assets, with respect to onerous contracts, a provision should be recognized for unavoidable costs of the
According to IAS 37, Provisions, Contingent Liabilities, and Contingent Assets, with respect to onerous contracts, a provision should be recognized for "unavoidable costs of the contract, which is: O the intrinsic value of the contract. O the lower of cost or market value of the contract. the lower of cost of fulfillment or the penalty from non-fulfillment of the contract. O None of the above
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