Answer both parts of the question by typing in the spaces provided ensuring that you label each part of you answer with a) and b). a) What is the definition of a liability? (2 marks) Your answer should include the characteristics of a liability within your definition b) What are the measurement issues that impact on the recognition of three (3) of the following types of liabilities? (6 marks) Clearly label which three you discuss i) Accrued interest ii) Provisions iii) Contingent liability iv) Current portion of a long term mortgage