Question: what is the correct answer For a liability to exist under IFRS, which one of the following criteria must be satisfied? The obligation is a

what is the correct answer

For a liability to exist under IFRS, which one of the following criteria must be satisfied? The obligation is a future obligation that exists as a result of past events. The obligation is a past obligation that exists as a result of future events. The entity has an obligation (that is, a duty or responsibility to others that it has no practical ability to avoid). The obligation is a present obligation that exists as a result of future events

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