Match the descriptions with their terms:
-A liability for which the amount is uncertain but able to be measured reliably by estimation
A) Non-current liability
B) Present value
C) Warranty
D) Issue price
E) Current liability
F) Borrowing costs
G) Contract interest rate
H) Mortgage
I) Quick ratio
J) Provision

Question

Quizplus · Accepted Answer

A provision is recognized for a liability of uncertain timing or amount when the obligation can be estimated reliably. This matches the description of a liability for which the amount is uncertain but can be measured reliably by estimation.

Match the Descriptions with Their Terms