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An entity is able to record a provision for termination benefits when it: 1 has developed a formal plan for redundancies. 2 has decided to

An entity is able to record a provision for termination benefits when it:

1 has developed a formal plan for redundancies.

2 has decided to undertake a termination program.

3 can no longer withdraw the offer of the benefits.

4 has received Board approval for the termination benefits.

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Essentials of Corporate Finance

Essentials of Corporate Finance

Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan

9th edition

978-1259277214

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