Multiple Choice
Examples of contingent liabilities include:
A) future payments arising under employee entitlements for long service leave.
B) past tax deductions claimed that are under review by the Australian Taxation Office, but which the entity intends to dispute if disallowed.
C) out of court settlements in the case of liability for damage to health due to products manufactured by the entity.
D) past tax deductions claimed that are under review by the Australian Taxation Office, but which the entity intends to dispute if disallowed and out of court settlements in the case of liability for damage to health due to products manufactured by the entity
Correct Answer:
Verified
Correct Answer:
Verified
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