alleryStart learning →An asset retirement obligation under IAS 37 is called what?
AA reserve fund
BAn impairment
CA provision
DA contingent sum
Answer & Solution
Correct answer: C. A provision
Entities under IFRS apply IAS 37 to retirement obligations, which they call provisions.
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Related questions
A write-down of inventory in a big bath has what impact on cash?Taking one large one-time charge to lower future expenses is known as what?Recognizing an ARO raises both assets and liabilities. What happens to the debt-to-equity A $40,275.96 cost due in 40 years is discounted at 9%. The present value is about what?Tanks costing $15,000 to remove today rise 2.5% a year for 40 years. The future cost is abUnder IAS 37, when an ARO discount rate changes, the present value is recalculated and whaWhen an ARO is first recognized, an asset equal to the initial liability is what?An ARO liability is initially measured at the present value of what?