Which of the following is not essential for recognition as a liability? (a) There should be a
Question:
Which of the following is not essential for recognition as a liability?
(a) There should be a present obligation to transfer economic benefit
(b) The obligation to transfer economic benefit should be certain
(c) The obligating event triggering the obligation should have already happened
(d) It should be possible to make a reliable estimate of the amount
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Related Book For 
Financial Accounting An Introduction
ISBN: 9780273737650
2nd Edition
Authors: Mr Barry Elliott, Mr Augustine Benedict
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