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QUESTION 15 In disclosing liabilities, a reporting entity: discloses on the basis of the current/non-current liability dichotomy has a choice, based on the notions of
QUESTION 15
In disclosing liabilities, a reporting entity:
discloses on the basis of the current/non-current liability dichotomy
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 order of liquidity
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 order of liquidity
discloses on the basis of order of liquidity
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