Question: Under IFRS, a contingent liability is: a . Disclosed in the notes if certain criteria are met. b . Reported on the face of the

Under IFRS, a contingent liability is:

a. Disclosed in the notes if certain criteria are met. 

b. Reported on the face of the financial statements if certain criteria are met.
c . The same as a provision.
d. Not covered by IFRS.

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