An example of where an entity has a present obligation is: Select one: a. A public announcement
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Question:
An example of where an entity has a present obligation is:
Select one:
a. A public announcement made by an entity's management to undertake restructuring.
b. the declaration of a dividend by directors which is yet to be approved at a meeting of shareholders
c. a historical pattern of performing a major overhaul of plant and machinery every three years
d. a recommendation from the HR manager to the Board of Directors as to the level of bonuses to be paid at the end of the financial period.
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