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Which contingent liabilities are

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Reference no: EM132762492

Problem 1: Contingent liabilities are:

Select one:

Option 1: recognised in the notes to the financial statements unless the possibility of an outflow in settlement is remote.
Option 2: not recognised in the notes to the financial statements because the possibility of an outflow in settlement is remote.
Option 3: recognised in the financial statements unless the possibility of an outflow in settlement is remote.
Option 4: recognised in the notes to the financial statements because the possibility of an outflow in settlement is remote.

Reference no: EM132762492

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