Multiple Choice QuestionWhich IAS provides guidance for reporting liabilities $($and assets$)$ of uncertain timing, amount, or existence?

Multiple choice question.

IAS $16$

IAS $11$

IAS $37$

IAS $1$

Select the best answer to complete the following statement: $"$An employer recognizes Blank$\_\_\_\_\_\_$ and Blank$\_\_\_\_\_\_$ at the time that the employee provides services. The amount recognized is undiscounted."

Multiple choice question.

an asset, a liability

an expense, an asset

an expense, a liability

a revenue, a liability