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Advise lorna ltd whether is appropriate

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In December 2019, Lorna Ltd began to plan for its forthcoming annual dinner. The event is a free annual event for employees and customers, and cost the company $180.000.

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Question 1 : Advise Lorna Ltd whether it is appropriate for it to make a provision in respect of the cost of the coming annual dinner in its financial statements for the year ended 31 December 2019.

Reference no: EM132595281

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