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When accounting for a business combination a contingent liability is recognised if: Select one: a. it is a present obligation that has failed to meet
When accounting for a business combination a contingent liability is recognised if:
Select one:
a. it is a present obligation that has failed to meet the recognition criteria.
b. its fair value can be measured reliably.
c. it is a possible obligation and it is probable that it will occur.
d. it is probable that an outflow of resources may occur in order to settle the obligation.
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