Which of the Following Is Correct About a "Liability" Under

question 30

Multiple Choice

Which of the following is correct about a "liability" under IFRS Framework?

• A)a future obligation arising from current events,the settlement of which is expected to result in an outflow of resources
• B)a present obligation arising from current events,the settlement of which is expected to result in an outflow of resources
• C)a future obligation arising from past events,the settlement of which is expected to result in an outflow of resources
• D)a present obligation arising from past events,the settlement of which is expected to result in an outflow of resources

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Definitions:

Body Movements

Physical actions or motions carried out by the muscles that result in a change of position or posture of the body or its parts.

Costochondritis

Inflammation of the cartilage that connects a rib to the breastbone, causing chest pain that can mimic that of a heart attack.

Chest Pain

A common symptom that can be caused by a wide range of health conditions, from minor issues like indigestion to serious medical emergencies such as a heart attack.

Pushes

A term generally referring to the act of applying force to move something away from oneself or the act of promoting or encouraging a particular activity, idea, or direction.