wHAT IS THE ANSWER FOR THIS QUESTION

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June 14, 2012 at 5:58 am #53454
arvind0708
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QUESTION 29
Which one of the following statements is incorrect?
A Capital expenditure on research must be charged through the income statement
B Dividends proposed after the year end must not be accrued in the accounts
C Contingent liabilities should always be provided in the accounts
June 17, 2012 at 12:59 am #100848
nesiann
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C. Contingent liabilities must not be recognized in financial statements but they should be disclosed according to IAS 37.
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