question archive On 9th December 2019 the board of directors of Geen plc decided to close down its overseas division
On 9th December 2019 the board of directors of Geen plc decided to close down its overseas division
Subject:AccountingPrice: Bought3
On 9th December 2019 the board of directors of Geen plc decided to
close down its overseas division. This decision was not communicated to any of those affected and no other steps were taken to implement the decision before the end of the reporting period 31 December 2019. Required:
Discuss the above situation and determine if a provision should be provided for the year 2019.
