Question

Three of Moon’s holiday resorts in Thailand were severely damaged when the tsunami hit the shores on 26 December 2004. One of your colleagues has already done extensive research regarding the amount of damage done to these resorts which were destroyed. His research memorandum, dated 31 December 2004, indicated that it will cost R100 million to repair the damage. Moon intends to start shortly with the repair work, and discussions are already underway with the building contractors
WHAT IS THE ACCOUNTING TREATMENT FOR THESE CONTINGENT LIABILITIES,PROVISION OR CONTINGENT ASSETS

Answer 1

Answer:

fgtyy the time of the time of the form of advertising with a dancing bear in touch soon to give