Once a Liability Is Recognized,it Continues to Be Measured at

question 32

Multiple Choice

Once a liability is recognized,it continues to be measured at

• A)the amount initially measured,unless the liability is increased by payments on the principle balance of the liability
• B)the amount initially recorded,unless the liability is increased by payments on the principle balance of the liability
• C)the amount initially measured,unless the liability is reduced by payments on the principle balance of the liability
• D)the amount initially recorded,unless the liability is reduced by payments on the principle balance of the liability

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