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Explain omega ltd would be required to recognise a provision

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Reference no: EM132553436

Question 1: In each of the following scenarios, explain whether or not Omega Ltd would be required to recognise a provision.

As a result of its plastics operations, Omega Ltd has contaminated the land on which it operates. There is no legal requirement to clean up the land, and Omega Ltd has no record of cleaning up land that it has contaminated.

Reference no: EM132553436

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