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Which of the Following Items Would NOT Be Recognised as a Liability

Question 14

Multiple Choice

Which of the following items would NOT be recognised as a liability?


A) advances from customers for goods and services to be delivered later
B) warranty on products sold during the year
C) final dividend recommended by directors,prior to the annual meeting
D) a dispute with a customer where there is some possibility that the company could lose the dispute.

Correct Answer:

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