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If a company expects to incur into costs from restructuring its operations and can estimate those costs: It should not record any accounting entries until
If a company expects to incur into costs from restructuring its operations and can estimate those costs:
- It should not record any accounting entries until the costs occur.
- It should record a provision as a result of the prudence concept.
- It should record a provision in order to ensure that it has cash to pay for the restructuring costs.
- b and c.
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