According to AASB 131,a Venturer Must Separately Disclose,unless the Probability

question 22

Multiple Choice

According to AASB 131,a venturer must separately disclose,unless the probability of loss is remote,the aggregate of which of the following contingent liabilities?

• A)those contingent liabilities arising because the venturer is contingently liable for the liabilities of the other venturers of a joint venture
• B)the venturer's share of the contingent liabilities of the joint ventures themselves for which it is - contingently liable
• C)any contingent liabilities the venturer has incurred in relation to its interests in joint ventures and its share in each of the contingent liabilities incurred jointly with other venturers
• D)all of the above

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