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Ice Basket Inc. is facing a single legal claim with a 30% likelihood of successful outcome with no cost and a 70% likelihood of adverse

Ice Basket Inc. is facing a single legal claim with a 30% likelihood of successful outcome with no cost and a 70% likelihood of adverse outcome with a cost of OMR 2 million. What is the best estimate of the provision that should be recognized?

OMR Nil

None of them

OMR 1.4 million

OMR 2 million

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