Question
The board of directors of ABC Co. decided on December 15, 2020, to wind up international operations in Country B and move them to Country
The board of directors of ABC Co. decided on December 15, 2020, to wind up international operations in Country B and move them to Country C. The decision was based on a detailed formal plan of restructuring. This decision was conveyed to all workers and management personnel at the headquarters in Country A. The cost of restructuring the operations in Country B as per this detailed plan was P10M. Should ABC recognize a provision?
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Introduction To Financial Accounting
Authors: Charles T Horngren, John A Elliott
9th Edition
0131479725, 978-0131479722
