Which of the following should definitely be recognised as a liability under the IASB Framework?
i.Share dividend declarations
ii.Cash dividend declarations
iii.Convertible notes

Question

Quizplus · Accepted Answer

Only cash dividend declarations should be recognized as a liability according to the IASB Framework. Share dividend declarations are not considered liabilities as they do not represent a present obligation to transfer economic resources, and convertible notes are classified as financial instruments rather than liabilities.

Which of the Following Should Definitely Be Recognised as a Liability