End of Semester2 2020 Final Examination ACCT2005 Financial Accounting (1)) (C) (d) (6) Adele Ltd's long service leave, estimated to be $450 000, owing to employees in respect of past services. As a result of its plastics operations, Belle Ltd has contaminated the land on which it operates. There is no legal requirement to clean up the land, but Belle Ltd has a long record of cleaning up land that it has contaminated. As a result of its plastics operations, Belle Ltd has contaminated the land on which it operates. There is no legal requirement to clean up the land, and Belle Ltd has no record of cleaning up land that it has contaminated. As a result of its plastics operations, Belle Ltd has contaminated the land on which it operates. There is a legal requirement to clean up the land. Write your answers below. If you need more space write on the next page. A) Yes, they would have to recognise this provision because 5% of sales means that 5% of their products have manufacturing defects and therefore should have provisions protecting them. B) Yes, because long service leave would be in the employees\" contract therefore they need a provision for it C) Yes , because they have a record of cleaning it up D) No, because there is no legal requirements and they have no records of cleaning it up E) No, there is no legal requirements for them to clean the contaminated land, it may be ethical to clean up but there is no legal requirements