As Specified in the Conceptual Framework, Which Two Criteria Must

As specified in the Conceptual Framework, which two criteria must be met before a liability can be recognised in the accounting records?

A) There must have been a past event and there must be a present obligation.
B) The liability must be beyond a reasonable doubt and the amount of the liability must be able to be recognised reliably.
C) It must be probable that any future sacrifices associated with the item will flow from the entity and the liability must have a cost or value that can be measured with reliability.
D) It must be probable that a future sacrifice of economic resources will be required and the liability must be beyond a reasonable doubt.