Under IFRS, a contingent liability is: a . Disclosed in the notes if certain criteria are met.
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Under IFRS, a contingent liability is:
a. Disclosed in the notes if certain criteria are met.
b. Reported on the face of the financial statements if certain criteria are met.
c . The same as a provision.
d. Not covered by IFRS.
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a Disclosed in the notes if certain criteria are met According to IFRS a contingent l...View the full answer
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Related Book For 
Accounting Principles
ISBN: 9781119707110
14th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Jill E. Mitchell
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