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In disclosing liabilities , a reporting entity . A. discloses on the basis of the current / non - current liability dichotomy . B. has
In disclosing liabilities , a reporting entity . A. discloses on the basis of the current / non - current liability dichotomy . B. has a choice , based on the notions of relevance and reliability to disclose* liabilities either on the basis of the current / non-current liability dichotomy or on the basis of the order of liquidity . C. has a choice , based on the principle of conservatism to disclose liabilities either on the basis of the current/ non-current liability dichotomy or on the basis of the order of liquidity . D. discloses on the basis of the order of liquidity
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