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An entity measures a provision at the best estimate of the amount required to settle...

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Accounting

An entity measures a provision at the best estimate of the amount required to settle the obligation at the reporting date. When the provision involves a large population of items, the estimate of the amount:

Select one:

a. is determined as the individual least likely outcome.

b. is determined as the individual most likely outcome.

c. may be the individual most likely outcome. However, the entity should also consider the other possible outcomes.

d. reflects the weighting of all possible outcomes by their associated probabilities.

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