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a constructive obligation arises when ? A constructive obligation arises when the entity has a conditional obligation which becomes unconditional if an uncertain future event

a constructive obligation arises when ?
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A constructive obligation arises when the entity has a conditional obligation which becomes unconditional if an uncertain future event occurs. the entity is legally obligated to honour the obligation. past or present company practice reveals the entity acknowledges a potential economic burden. the entity makes an unconditional promise to pay money in the future

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