a)Privison Required or No provision required

b) explain why

Taylor Co has a company policy of cleaning up any environmental contamination caused by its operation, even though it is not legally obliged to do so. Reason: Provision required No provision required. Avril Co has a fixed price contract to supply widgets to Lavigne Co. Avril Co has calculated that it will cost more to manufacture the widgets than budgeted, which is more than the revenue agreed from Lavigne CO. Reason: Provision required No provision required. The Rock Co is closing don a division. The board has prepared detailed closure plans which have not yet been communicated to customers and employees. Reason: Provision required No provision required. Spider Co has acquired a machine which requires the staff to be retrained on its safe operation. The staff training will occur in the next financial period. Reason: Provision required No provision required