provision for future lossess
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Company A has experienced a great year of sales growth and profitability. However, due to the economy downturn, the CEO forecasts that the company will incur operating losses in 2 of its major businesses next year. He proposed that the company record a provision for these future losses this year, since it can afford to take the charge and still show good results. You need to advise him on the appropriateness of this charge.
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Solution Summary
Whether the provision for future losses be made in current year or not
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