Which of the Following Is a Standard of Recognition of Contingent

Multiple Choice

Which of the following is a standard of recognition of contingent liabilities required by IFRS:

A) recognize the liability if the occurrence of the future event is likely meaning it is highly probable.
B) recognize the liability if the occurrence of the future event is more likely than not meaning its probable and it is also measurable.
C) does not require that it be measurable.
D) Recognize the liability if the occurrence of the future event is certain