Which of the following is a standard of recognition of contingent liabilities required by IFRS: Multiple Choice recognize the liability if the occurrence of the future event is likely meaning it is highly probable. recognize the liability if the occurrence of the future event is more likely than not meaning its probable and it is also measurable. Recognize the liability if the occurrence of the future event is certain does not require that it be measurable.

Which of the following is a standard of recognition of contingent liabilities required by IFRS: Multiple Choice recognize the llability if the occurrence of the future event is likely meaning it is highly probable. recognize the liability if the occurrence of the future event is more likely than not meaning its probable and it is also measurable. Recognize the liability if the occurrence of the future event is certain dines not renuire that it he measurable