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Match the terms in column A with the correct definitions in column B, e.g. 1.12C Match the terms in column A with the correct definitions
Match the terms in column A with the correct definitions in column B, e.g. 1.12 C Column A 1.1 Provisions 1.2 Adjusting event 1.3 Onerous contract 1.4 Reimbursement asset 1.5 non-adjusting event 1.6 Future operating losses 1.7 Contingent liabilities 1.8 Past events 1.9 Restructuring 1.10 Contingent assets Column B A) Possible assets, the existence Of which is still to beconfirmed B) Events that occurred on or before the recognition date C) Those that do not meet either the definition or recognitioncriteria of a liability. D) A provision may never be recognized as they areavoidable. E) Liabilities that involve uncertainty in terms of either theamount or timing of its settlement F) Changes either the scope of the business or the manner inwhich the business is conducted. G) Events that provide evidence of conditions that existed asat the end of the period H) Contract where the unavoidable costs of meeting theobligation are more than economics benefits expected l) Events that are indicative Of conditions that arose after thereporting period J) A guarantee offered by a manufacturer to the retailer is anexample of this asset.
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