Under IFRS All of the Following Liabilities Are Reflected Under

question 27

Multiple Choice

Under IFRS all of the following liabilities are reflected under the current liabilities section of the balance sheet except for:

• A)Warranty liability
• B)Contingent liability
• C)Deferred Revenues
• D)Constructive obligations

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Definitions:

Live Together

The act of residing in the same house or place with someone else, typically in a domestic partnership.

Marriage Counseling

A form of psychotherapy aimed at helping couples resolve conflicts, improve their relationship, and foster mutual understanding and communication.

Recording

The action of capturing data or information, often in audio or video format, for playback or analysis.

Ceremony

A formal event conducted on special occasions, such as rituals, celebrations, or religious ceremonies.