Which of the following statements are correct in a...
Which of the following statements are correct in accordance with IAS 37 Provisions, Contingent Liabilities and Contingent Assets? (i) Provisions should be made for both constructive and legal obligations. (ii)Discounting may be used when estimating the amount of a provision. (iii)A restructuring provision must include the estimated costs of retraining or relocating continuing staff. (iv)A restructuring provision may only be made when a company has a detailed plan for the restructuring and has communicated to interested parties a firm intention to carry it out.
A、All four statements are correct
B、(i), (ii) and (iv) only
C、(i), (iii) and (iv) only
D、(ii) and (iii) only