In Disclosing Liabilities,a Reporting Entity

Multiple Choice

In disclosing liabilities,a reporting entity:

A) Discloses on the basis of the current/non-current liability dichotomy.
B) Has a choice, based on the notions of relevance and reliability to disclose liabilities either on the basis of the current/non-current liability dichotomy or on the basis of order of liquidity.
C) Has a choice, based on the principle of conservatism to disclose liabilities either on the basis of the current/non-current liability dichotomy or on the basis of order of liquidity.
D) Discloses on the basis of order of liquidity.
E) Discloses on the basis of directions from its auditor.