Some Provisions Traditionally Recorded by Entities May Not Be Considered

Multiple Choice

Some provisions traditionally recorded by entities may not be considered liabilities under the AASB Framework because:

A) their amounts are not considered probable.
B) they do not involve a future sacrifice of economic benefits.
C) the identity of the external party to whom the present obligation is owed is unknown.
D) there is no entity other than the reporting entity involved in the present obligation as a result of past transactions or other past events.