The provisions footnote in the Siemens Annual Report presented in the chapter requires recognition in the balance sheet when each of the following criteria is met except for:
A) The company has a present legal or constructive obligation as a result of a past event
B) It is probable that an outflow of economic benefits will be required to settle the obligation
C) It is reasonably possible that an outflow of economic benefits will be required to settle the obligation
D) A reliable estimate can be made of the amount of the obligation
Correct Answer:
Verified
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