Discussion Post: Current Liabilities
Assume that Exxon accounts for contingencies using IAS 37. Prepare 3 paragraphs (4 sentences or less for each paragraph/question) addressing the following:
1. Explain why you agree or don't agree that Exxon's contingent liability disclosures were adequate.
2. Explain why you agree or don't agree that IAS 37 provides sufficient guidance to provide users enough disclosure about environmental liabilities.
3. How does the concept of "sustainability" relate to the concept of "environmental liabilities"?
The response must include a reference list. Using one-inch margins, double-space, Times New Roman 12 pnt font and APA style of writing and citations.