9 Questions
Quina és la diferència principal entre els passius corrents i les provisions?
Els passius corrents inclouen deutes que han de ser pagats en un termini més curt, mentre que les provisions són quantitats reservades per a cobrir despeses futures que són incertes en quantia o temps d'ocurrència.
Què diferencia les contingències dels altres passius?
Les contingències són quantitats reservades per a cobrir despeses futures amb incertesa en quantia o temps d'ocurrència, mentre que els altres passius són incerts en quantia o temps d'ocurrència.
Quin és l'objectiu principal de les provisions a les empreses?
Protegir-se contra pèrdues incertes i anticipades.
Which of the following is NOT a characteristic of provision liability?
It is only disclosed in the footnotes to the financial statements
What distinguishes contingencies from current liabilities?
Contingencies may require future events to confirm their existence or amount
In what way do provision liability and current liability differ?
Provision liability is a recognized obligation that is uncertain in timing or amount
What is the primary purpose of recording a provision liability in financial statements?
To recognize expenses that are expected to be incurred in the future
What distinguishes a contingent liability from a provision liability?
Contingent liabilities are recognized in the financial statements when the amount can be reliably measured, while provision liabilities are recognized when there is a present obligation
How do companies determine the amount to record as provision liability for an uncertain future expense?
By using a range of estimates and selecting the best estimate based on all available information
Test your knowledge about the differences between current liabilities, provisions, and contingencies. Understand the main objectives of provisions in businesses and how contingencies differ from other liabilities.
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