Which of the following items does the statement below describe? “A possible obligation that arises from past events and whose existence will be confirmed only by the occurrence or non-occurrence of one or more uncertain future events not wholly within the entity's control”
A、A provision B
A、current liability C
A、contingent liability D
A、contingent asset
A、A provision B
A、current liability C
A、contingent liability D
A、contingent asset
【参考答案及解析】
The statement is the definition of a contingent liability
The statement is the definition of a contingent liability