zeta, ltd., a company that prepares its financial statements in accordance with ifrs, has the following pending items at december 31, year 8. the company is the defendant in a product liability lawsuit as a result of injuries incurred by purchasers of its products. legal counsel has indicated that an unfavorable verdict in the amount of $650,000 is probable. the company is involved in another lawsuit and their legal counsel believes it is reasonably possible that the lawsuit will result in a loss of $175,000. the entity sells a product that is subject to a warranty. the estimated warranty liability is $150,000. in its financial statements for the period ended december 31, year 8, how much will be reported either on the balance sheet or in the footnotes for contingencies and how much for provisions?

Contingencies are those that are declared in the n under IFRS but are not probable, cannot be estimated, or are neither probable nor estimable. Due to this, the company is a defendant in a product liability litigation, and as of December 31, 2018, it had the following pending items according to IFRS.

What information belongs in financial statement footnotes?

Additional material can be found in footnotes and utilized to clarify various topics. This may involve clarifying any applicable policies, providing further information about things used as references, making various mandatory disclosures, or making revisions to particular numbers.
monetary provisions
Enterprise value is calculated as follows: Equity value + Debt - Cash and Cash Equivalents or.
Enterprise value minus debt plus cash and cash equivalents equals equity value.
Enterprise value is equal to the sum of the equity value, provisions, debt, and cash and cash equivalents, enterprise value minus provisions, debt, plus cash and cash equivalents equals equity value.

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