Which of the Following Are the SI Units for Specific

question 16

Multiple Choice

Which of the following are the SI units for specific gravity?

• A)kg/m³
• B)g/cm³
• C)lb/ft³
• D)lb · s²/ft⁴
• E)specific gravity has no units

Understand the criteria for recognizing provisions, contingent liabilities, and contingent assets under AASB 137.

Differentiate between types of obligations (legal, constructive, and equitable) and their implications for financial reporting.

Identify and apply the requirements for measuring provisions and contingent liabilities.

Assess the treatment of warranties and onerous contracts under AASB 137.

---

Definitions:

Market Survey

A study conducted to collect information about consumers' preferences, behaviors, and the market for a particular product or service.

Short Of Cash

A situation where an individual or organization does not have enough money available to meet immediate or short-term financial obligations.

Condition Subsequent

A condition in a contract that, if it occurs, terminates the contract or an obligation under the contract.

Discharge By Agreement

Agreement by the parties that a contract is ended.