Which of the following is NOT a component of the definition of liabilities within the conceptual framework?

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Which of the following is NOT a component of the definition of liabilities within the conceptual framework? O a. it is an economic resource (right) controlled by the entity O b. it represents a present obligation of the entity O c. it creates an obligation to transfer economic resources away from the entity O d. it arises from past events

Posted Date: Jun 22, 2024 04:09 PM

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Which of the following is NOT a component of the definition of liabilities within the conceptual framework?

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