An example of where an entity has a present obligation is: Select one: a. A public announcement made by an

An example of where an entity has a present obligation is: Select one: a. A public announcement made by an

Question:

An example of where an entity has a present obligation is:Select one:a. A public announcement made by an entity’s management to undertake restructuring.b. the declaration of a dividend by directors which is yet to be approved at a meeting of shareholdersc. a historical pattern of performing a major overhaul of plant and machinery every three yearsd. a recommendation from the HR manager to the Board of Directors as to the level of bonuses to be paid at the end of the financial period.

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The detailed answer for the above question is provided below The correct answer is b the declaration
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