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Explain in details the accounting treatng for the following cases based on the IAS rules: (1) Ahmed Co has a published environmental policy. In this,
Explain in details the accounting treatng for the following cases based on the IAS rules: (1) Ahmed Co has a published environmental policy. In this, Ahmed Co explains that they always replant trees to counter-balance the environmental damage created by their operations. Ahmed Co has a consistent history of bonquring this policy. During 2020, Ahmed Co opened a new factory, leading to some environmental damage. Ahmed Co estimate that the damage will cost $400,000 to restore. (2) Shady Co would have to provide for a potential legal case arising from an employee who was injured at work in 2020 due to faulty equipment. This is because the event arose in 2020 which could lead to an obligation
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