Once a company has formally decided to restructure its operations, a provision must be made for the restructuring.

Name: Once a company has formally decided to restructure its operations, a provision must be made for the restructuring.
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Question

Quizplus · Accepted Answer

A provision for restructuring can only be recognized when a detailed formal plan is in place and the company has raised a valid expectation in those affected that it will carry out the restructuring.

Once a Company Has Formally Decided to Restructure Its Operations