For an Item to Be Recorded as a Provision,there Must

question 16

Multiple Choice

For an item to be recorded as a provision,there must be:

• A)a present obligation and a probable outflow of economic resources
• B)a future obligation and a possible outflow of economic resources
• C)a present obligation and a possible outflow of economic resources
• D)a future obligation and a probable outflow of economic resources

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Definitions:

Online Exchanges

Digital platforms that facilitate the buying and selling of goods or services among businesses or consumers.