CAF-6 · Chapter 2 · Question 1 of 15
According to the definitions in IAS 32, which of the following items is explicitly classified as a non-financial liability?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: B) Current tax payable
Explanation
Current tax payable is a statutory obligation rather than a contractual one, so it is classified as a non-financial liability.
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