Furthermore, the incident spurred litigation between the relatives of the victims and
Boeing, purporting a mechanical failure as the blame. The prosecutors are eligible for
approximately $180,000 in compensation as supposed by the Montreal Convention,
1999 (International trade/commercial law), which would be considered a provision, in
accordance with IAS 37. They can also fight the case for further reimbursement for
damages, which creates contingent liabilities. Calculating the provisions and adjusting
for future events can cause financial reporting complications and generally ends up
being merely disclosed.
Additionally, during the year 2014, Boeing deferred the production cost of
Boeing, purporting a mechanical failure as the blame. The prosecutors are eligible for
approximately $180,000 in compensation as supposed by the Montreal Convention,
1999 (International trade/commercial law), which would be considered a provision, in
accordance with IAS 37. They can also fight the case for further reimbursement for
damages, which creates contingent liabilities. Calculating the provisions and adjusting
for future events can cause financial reporting complications and generally ends up
being merely disclosed.
Additionally, during the year 2014, Boeing deferred the production cost of