Question
An entity operates a business that pollutes water. The entity has been cleaning polluted water in the past few years from their sites even though there is currently no law compelling them to do so.
According to IAS37 Provisions, Contingent liabilities and Contingent assets), this represents a……..
Legal obligation.
Social responsibility.
Constructive obligation.
None of the above.
According to IAS37 Provisions, Contingent liabilities and Contingent assets), this represents a……..
Legal obligation.
Social responsibility.
Constructive obligation.
None of the above.
Answers
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Answered by
GPT 3.5
Constructive obligation.
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