In each of the following scenarios, explain whether or not the entities would be required to recognise a. provision. (21) Adele Ltd is a manufacturer of surfboards that gives warranties at the time of sales to purchasers of the surfboards for manufacturing defects that become apparent within two years from the date of sale. Based on past experience, Adele is predicted to have 5% of the sales renuned on manufacturing defects. Page 4 of10 Downloaded by Cindy Yong (yongcindy@ymail.comj