Question: Question 22 (0.5 points) Under IFRS, Contingent Liabilities should be recorded in the accounts if there is a remote possibility that the contingency will occur.

Question 22 (0.5 points) Under IFRS, Contingent Liabilities should be recorded in the accounts if there is a remote possibility that the contingency

Question 22 (0.5 points) Under IFRS, Contingent Liabilities should be recorded in the accounts if there is a remote possibility that the contingency will occur. True False Question 23 (0.5 points) The Accumulated Depreciation account represents a cash fund available to replace the related PPE asset. True False

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