Under AASB 137 Provisions, Contingent Liabilities and Contingent Assets, the Appropriate

Under AASB 137 Provisions, Contingent Liabilities and Contingent Assets, the appropriate accounting treatment for future operating losses is to:

A) determine a reasonable estimate of the future losses and recognise as a provision.
B) determine the future losses and charge them directly against retained earnings.
C) not recognise such items in the financial statements.
D) determine the future losses and discount them to present value.