A future event that is possible but not probable and may give rise to a financial

obligation should be

a recorded as an asset

b recorded as a liability

c recorded as an expense

drecorded as a revenue

e disclosed in the notes to the financial statements

part b: if a comoany omits part of its costs of sales and rexords this expense in the next accounting period, what constraint/principle has been violated?

part b:

a) mathing principle

b) historical cost

c) materiality

d) both a and b

e) both b and c