1. For the following cases, asses the IR and justify your answer.

Cases	Assessment of IR	Justification
1. Legal provision which recoded according to the Companys lawyer expectations.
2. Amortization of intangible assets
3. Amounts due from associated Company
4. Accounts receivable of PALTEL

5. XYZ Company received governmental assistance in the amount of 2 million against the loss incurred as a result of last Gaza War.	High
The following are the details of accounts receivable of XYZ Company: Due from individuals U.S. $ 0.5 Million Due from government U.S. $ 5 Million. Due from an associated Company U.S. $ 0.4 Million. Others U.S. $ 0.1 Million.	Low