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Question 16 Topic 11 When accounting for a business combination, a contingent liability is recognised: a. when it can be ascertained that the probability of

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Question 16 Topic 11 When accounting for a business combination, a contingent liability is recognised: a. when it can be ascertained that the probability of economic outflows is high O b. only when it meets the definition of a liability c. if it is considered a possible obligation with reliable measurement O d. if it is a present obligation and its fair value can be measured reliably

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