Anex-directorofXcompanyhascommencedanactionagainstthecompanyclaimingsubstantialdamagesforwrongfuldismissal.Thecompany'ssolicitorshaveadvisedthattheex-directorisunlikelytosucceedwithhisclaim,althoughthechanceofXpayinganymoniestotheex-directorisnotremote.Thesolicitors'estimatesofthecompany'spotentialliabilitiesare:$Legalcosts(tobeincurredwhethertheclaimissuccessfulornot)50,000Settlementofclaimifsuccessful500,000550,000AccordingtoIAS37Provisions,contingentliabilitiesandcontinentassets,howshouldthisclaimbetreatedinthefinancialstatements
Anex-directorofXcompanyhascommencedanactionagainstthecompanyclaimingsubstantialdamagesforwrongfuldismissal.Thecompany'ssolicitorshaveadvisedthattheex-directorisunlikelytosucceedwithhisclaim,althoughthechanceofXpayinganymoniestotheex-directorisnotremote.Thesolicitors'estimatesofthecompany'spotentialliabilitiesare:$Legalcosts(tobeincurredwhethertheclaimissuccessfulornot)50,000Settlementofclaimifsuccessful500,000550,000AccordingtoIAS37Provisions,contingentliabilitiesandcontinentassets,howshouldthisclaimbetreatedinthefinancialstatements
发布时间:2024-09-23 12:13:52