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6. As per the Conceptual Framework, what characterizes a liability? A. An entity's obligation to transfer economic resources as a result of past events. B.
6. As per the Conceptual Framework, what characterizes a liability? A. An entity's obligation to transfer economic resources as a result of past events. B. An entity's claim on the transfer of economic resources as a result of future events. C. An entity's control over the use of economic resources as a result of past transactions
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Interpreting Company Reports And Accounts
Authors: Geoffrey Holmes, Alan Sugden, Paul Gee
10th Edition
0273711415, 9780273711414
