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When accounting for a business combination a contingent liability is recognised if: a. it is probable that an outflow of resources may occur in order
When accounting for a business combination a contingent liability is recognised if: a. it is probable that an outflow of resources may occur in order to settle the obligation. b. its fair value can be measured reliably. c. it is a present obligation that has failed to meet the recognition criteria. d. it is a possible obligation and it is probable that it will occur
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Fundamentals Of Oil And Gas Accounting
Authors: Rebecca A. Gallun, Ph.D. Wright, Charlotte J, Linda M. Nichols, John W. Stevenson
4th Edition
0878147934, 9780878147939
