In respect to a contingent liability, IAS 37 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
Q14: For each class of provision, an entity
Q15: The uncertainty that exists in relation to
Q16: Provisions in relation to which of the
Q17: The following statement, contained in IAS 37,
Q18: Which of the following is an example
Q20: Liabilities which fail the recognition criteria and
Q21: Entities are not required to disclose which
Q22: A contingent liability is defined as
Q23: Contingent liabilities are:
A) recognised in the financial
Q24: Which of the following statements is correct?
A)
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