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    Principles of Financial Accounting Study Set 1
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    Exam 10: Current Liabilities
  5. Question
    Under IFRS, the Term Used for an Uncertain Liability Is
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Under IFRS, the Term Used for an Uncertain Liability Is

Question 47

Question 47

Multiple Choice

Under IFRS, the term used for an uncertain liability is


A) contingent liability.
B) undeterminable liability.
C) provision.
D) estimated liability.

Correct Answer:

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