Which of the Following Characteristic Is Required for a Liability

question 66

Multiple Choice

Which of the following characteristic is required for a liability under IFRS Framework?

• A)Arises from a past obligation.
• B)Is a present obligation.
• C)Is an unknown obligation.
• D)Is a future obligation.

---

Definitions:

Relational Superstructure

Relational superstructure refers to the overarching system or framework that defines the relationships and interactions within a particular context or organization.

User Experience

The overall experience and satisfaction a user has when interacting with a product, service, or system, focusing on ease of use and pleasure provided in the interaction.

Entry Points

Various ways or opportunities for someone to become involved or engaged with a product, service, or content.

Visual Tools

Instruments or software used to create, manage, or display visual information to aid understanding and communication.