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

question 34

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.

---

Definitions:

Task-oriented

A focus on getting tasks or jobs completed efficiently, often with a strong emphasis on setting and achieving specific objectives.

Sociometric

A methodological tool in social sciences used to measure social relationships, acceptance, or rejection within groups.

Reference Group

A group that individuals use as a standard for evaluating themselves, their behaviors, and their attitudes, influencing their sense of social identity.

Interaction Process Analysis (IPA)

A methodology for observing and categorizing the interpersonal dynamics and communication patterns within a group to understand its behavior.