In November 2020 Towel Co decided to reorganise a manufacturing facility and commissioned a consulting engineer to carry out a feasibility study. No information about the potential restructuring has been communicated to interested parties yet. A provision for the reorganisation was created at 31 December 2020. Staff functions will change following the reorganisation, so in December 2020 Towel Co contacted with a training company to provide retraining to take place in January 2021. A provision for this expenditure was created at 31 December 2020. Towel's accountant is preparing the financial statements for the year to 31 December 2016 and is not to sure about the provisions set up for the reorganisation of the facility and the staff training. Which of these is a correct provision under IAS 37? Neither the reorganisation nor the staff training The reorganisation only Both the reorganisation and the staff training The staff training only