please answet these questions

Under the Conceptual Framework, which of these is not a characteristic of a liability? Select one: a. It is expected to result in an outflow of economic resources o b. It must be a legal debt c. It must result from a past transaction or event d. It must be a present obligation of the entity Under SAC 1, which entity is the least likely to have users dependent on general-purpose financial reports? Select one: a. A company with a large number of shareholders b. A company which issues debentures to the public C. A company which is listed on the stock exchange d. A small proprietary company whose shareholders also run the business Next According to the conceptual Framework information that is free from material error and bias has greater Select one: a. Comparability b. Materiality C. Faithful representativeness d. Understandability In the current Conceptual Framework the qualitative characteristic of reliability has been replaced by the characteristic of Select one: a trustworthiness b. truth and fairness c. accuracy d. faithful representation The Conceptual Framework states that an important implication of the qualitative characteristic of comparability's that: Select one: a. It will be used to predict outcomes of past, present or future event b. It will be used to assess the representational faithfulness of the financial reports c. Users will be informed of the accounting policies used in the preparation of the financial reports d. If there is a choice of accounting methods one method should be chosen and then applied throughout the life of the entity According to the Conceptual Framework which statement concerning the recognition of liabilities is not true Select one: a. All liabilities that meet the definition of a liability should be recognised in the accounting records b. A recognition criteria is that it is probable that a sacrifice of future economic benefits will be required c. A recognition criteria is that the amount of the Liability must be able to be measured reliably d. Liabilities that do not satisfy the recognition criteria can be recognised in the notes attached to the accounts