A liability should only be recognised in the financial statements when: Question 9 Not yet answered i reserves have been set aside by the entity. ii. the amount can be measured reliably. Marked out of 1.00 ill, it is probable that the future sacrifice of economic benefits will be required. Flag question Select one: O a. i and is only Ob i and ill only Oc. li and ill only Od. ili and ili O e. None of the options