According to the Exposure Draft of Proposed Amendments to IAS 37, Provisions, Contingent Liabilities and Contingent Assets,
A) only conditional obligations are recorded.
B) liabilities must have measurement certainty.
C) the term "provisions" is being considered for elimination.
D) a conditional obligation related to an unconditional obligation is not recognized.

Question

Quizplus · Accepted Answer

The Exposure Draft of Proposed Amendments to IAS 37 proposes to eliminate the term "provisions" and replace it with "liabilities".