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Which of the Following Items Would NOT Be Recognised as a Liability

Question 1

Multiple Choice

Which of the following items would NOT be recognised as a liability?


A) Advances from customers for goods and services to be delivered later
B) Warranty on products sold during the year
C) Final dividend recommended by directors,prior to the annual meeting
D) A dispute with a customer where there is some possibility that the company could lose the dispute

Correct Answer:

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