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[IAS37 - Provision, Contingent Assets and Contingent Liabilities] For each of the scenarios listed below,...

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Accounting

[IAS37 - Provision, Contingent Assets and Contingent Liabilities]

For each of the scenarios listed below, indicate which one may give rise to a provision in the accounts of Victoria (Pty) Ltd or not and briefly explain why.

Victoria (Pty) Ltd is obligated to incur clean-up costs for environmental damages caused directly from its manufacturing operations.

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