When Can a Non-Current Liability Not Be Derecognized

question 78

Multiple Choice

When can a non-current liability not be derecognized?

• A)When the company discharges the obligation or it expires.
• B)When the company pays the debt and continues to be liable for the liability.
• C)When the underlying debt contract is canceled.
• D)When the creditor provides the services specified in the debt contract.

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Definitions:

Automobile Factory

A manufacturing plant where automobiles are produced, consisting of various production lines for assembling vehicle components.

Confidence Interval

Confidence Interval is a range of values, derived from sample statistics, that is likely to contain the value of an unknown population parameter, with a certain level of confidence.

Contrast

In statistics, a method used to compare different treatments or groups by defining specific linear combinations of parameters estimated in a model.

Confidence Limits

The upper and lower boundaries of a confidence interval, which estimate the range within which a population parameter lies with a certain level of confidence.