If the unavoidable costs of completing a purchase commitment are higher than the expected benefits from...

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If the unavoidable costs of completing a purchase commitment are higher than the expected benefits from receiving the contracted goods or services, IFRS requires a loss provision to be recognized. This is known as a(n) O executory contract. O purchase commitment. Oonerous contract.. O impaired contract. If the unavoidable costs of completing a purchase commitment are higher than the expected benefits from receiving the contracted goods or services, IFRS requires a loss provision to be recognized. This is known as a(n) O executory contract. O purchase commitment. Oonerous contract.. O impaired contract.