Which Statement Is Correct Under the IFRS Definition for a "Liability

question 79

Multiple Choice

Which statement is correct under the IFRS definition for a "liability"?

• A)The obligating event must be probable before the liability can be recognized.
• B)The obligating event must be virtually certain before the liability can be recognized.
• C)A reliable measure of the obligation must exist before the liability can be recognized.
• D)A precise measure of the obligation must exist before the liability can be recognized.

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Definitions:

Violent Television

Television programming that depicts scenes of physical or psychological harm or force intended to hurt or kill characters.

Dependent Variable

The variable in an experiment that is expected to change as a result of manipulations to the independent variable.

Participation

The action of taking part in an activity or event; involvement in a task or decision-making process.

Group Therapy

A form of psychotherapy involving one or more therapists working with several individuals at the same time, encouraging interaction and support among participants.