In respect to a contingent liability, AASB 137 Provisions, Contingent Liabilities and Contingent Assets, requires disclosure of
A) any increase in the contingent liability during the period;
B) an estimate of its financial effect;
C) the carrying amount at the beginning and end of the period;
D) an indication of the uncertainties about the amount or timing of expected outflows.
Correct Answer:
Verified
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