Question: A contingent liability provision is recognized under IFRS, when: Select one: a. there is no reliable estimate of the obligation can be made b. It

A contingent liability provision is recognized under IFRS, when:

Select one:

a. there is no reliable estimate of the obligation can be made

b. It is not probable that there will be an outflow of resources

c. None of the choices are correct

d. There is a present obligation from past events

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