Multiple Choice
Which of the following characteristic is required for a "liability" under IFRS Framework?
A) Expected to result in the inflow of economic benefits.
B) Expected to result in the inflow of economic benefits that are measurable.
C) Expected to result in the outflow of economic benefits.
D) Expected to result in the outflow of economic benefits that are virtually certain.
Correct Answer:
Verified
Correct Answer:
Verified
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