Identify whether each of the following would be a liability, a provision or a contingent liability, or none of the above, in the financial statements of the entity as at the end of its reporting period (provide brief explanation to your answers).
a- As a result of its plastics operations, Company G has contaminated the land on which it operates. There is no legal requirement to clean up the land, and Company G has no record of cleaning up land that it has contaminated. b- Damages awarded against Company A resulting from a court case decided on 26 June 2016 . The judge has announced that the amount of damages will be set at a future date, expected to be in September 2016. Company A has received advice from its lawyers that the amount of the damages could be anything between $20000 and $7 million. c- Long service leave, estimated to be $500 ooo, owing to employees in respect of past services. d. At 31 March 2020, the company owns a fleet of motor lorries, all of which require an annual service. This servicing work is expected to occur in the first few months of the year to 31 March 2021, at an estimated cost of f50,000. e- e- the board of directors decided to close. down one of the company's operations. this decision had been announced to the workforce and a detailed plan had been drawn up for its implementation. The closure would involve redundancy payments of ±375,000.