Question: QUESTION 15 In disclosing liabilities, a reporting entity: discloses on the basis of the current/non-current liability dichotomy has a choice, based on the notions of

QUESTION 15

In disclosing liabilities, a reporting entity:

discloses on the basis of the current/non-current liability dichotomy

has a choice, based on the notions of relevance and reliability to disclose liabilities either on the basis of the current/non-current liability dichotomy or on the basis of order of liquidity

has a choice, based on the principle of conservatism to disclose liabilities either on the basis of the current/non-current liability dichotomy or on the basis of order of liquidity

discloses on the basis of order of liquidity

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