According to the Exposure Draft of Proposed Amendments to IAS

question 29

Multiple Choice

According to the Exposure Draft of Proposed Amendments to IAS 37, Provisions, Contingent Liabilities and Contingent Assets,

• A)only conditional obligations are recorded.
• B)liabilities must have measurement certainty.
• C)the term "contingent liabilities" is eliminated.
• D)a conditional obligation related to an unconditional obligation is not recognized.

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Definitions:

NCEs

Normal Curve Equivalents, a type of standardized score used in educational assessments to compare student performance across different age groups and grades.

Bell-shaped Curve

A graphical depiction of a normal distribution of data, where the bulk of data points lie near the mean, creating a symmetrical bell shape.

Percentiles

Statistical values that represent the position of a score in relation to other scores in a distribution, indicating the percentage of scores that lie below it.

Z-scores

Standardized scores that indicate how many standard deviations an element is from the mean of a dataset, used in comparing scores from different distributions.