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QUESTION 4 On 1 May 2020, XYZ Ltd signed a contract to rent office space for 12 months. The rent per month is $4,000. Circumstances

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QUESTION 4 On 1 May 2020, XYZ Ltd signed a contract to rent office space for 12 months. The rent per month is $4,000. Circumstances for XYZ Ltd changed and the office space is no longer required from 30 September, however, the company will need to continue paying rent until the end of the rental agreement. This is an example of a ....? Contingent Liability Provision for Restructuring Onerous Contract None of the above

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