Pebble, a public limited company operates in the manufacturing sector. During the year ended 31 December 20x3, Pebal announced a major restructuring plan. Pebal announced that it would reduce its capacity by the closure of some of it's smaller factories. The factories that will be closed have been identified. The closure of these factories will lead to the redundancies of 450 employees, all of which have been identified and individually communicated with. This restructuring plan will have the following costs, Redundancies $10,000,000 Retraining Costs $5,000,000 Lease Termination Costs $6,000,000 Required In accordance with lAS 37, Provisions, Contingent Liabilities and Contingent Assets, a provision should be recognised for O a. $15,000,000 • b. $21,000,000 0 ?. $16,000,000 J1004 13 14 ?6