Under IFRS, a contingent liability is: a . Disclosed in the notes if certain criteria are met.

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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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Accounting Principles

ISBN: 9781119707110

14th Edition

Authors: Jerry J. Weygandt, Paul D. Kimmel, Jill E. Mitchell

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Question Posted: Jun 29, 2022 03:53 AM

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Under IFRS, a contingent liability is: a . Disclosed in the notes if certain criteria are met.

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a Disclosed in the notes if certain criteria are met According to IFRS a contingent l...View the full answer

Accounting Principles

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