Identify whether each of the following would be a liability, a provision, a contingent liability, a contingent asset or none of the above, in the financial statements of the company or the party involved. Prescribe the accounting treatment and/or any disclosures required relevant to each of the following scenario: (a) A car dealer gives free car servicing for two years if the car is purchased from its outlet. (b) A logging company plants new trees after it has logged a certain area to replace (4 marks) even if there is no legal requirement to do so. (c) An employee is injured at the workplace. He takes legal action against the company but the outcome is uncertain. (d) November 2020: A poultry farmer destroyed his poultry due to a government (4 marks) the spread of the avian flu. December 15, 2020: Government makes a press statement that it will pay compensation to farmers. March 10, 2021: The farmer receives a letter specifying the amount he will receive. On 23 September 2021, the board of a company decided to close down Division A 4 marks) two particular products. The company's year-end is 31 December. Division A that made costs are estimated at RM600,000. The closure decision and their. Division A - the closure announced to all the staff during their town hall at the peoming plan has been announced to all the staff during their town hall at the end of October 2021. (4 marks) (Total 20 marks)