The Following Statement, Contained in IAS 37, Defines: 'A Possible

question 25

Multiple Choice

The following statement, contained in IAS 37, defines: 'a possible asset that arises from past events and whose existence will be confirmed only by the occurrence or non-occurrence of one or more uncertain future events not wholly within the control of the entity'

• A) a deferred liability;
• B) a contingent liability;
• C) a deferred asset;
• D) a contingent asset.

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Definitions:

Masculinity

A set of attributes, behaviors, and roles associated with boys and men as influenced by culture, society, and personal choice.

Economic Achievement

The attainment of financial goals or milestones, often measured by income, wealth, or status.

Organizational Power

The capacity or ability of individuals or groups within an organization to influence others, make decisions, and control resources.

Gender-role Socialization

The process through which individuals learn the norms and behaviors considered appropriate for their gender in their culture.