Which statement is correct about financial and non-financial liabilities?

Which statement is correct about financial and non-financial liabilities?
A)A non-financial liability is a contractual obligation to deliver cash to another party.
B)A non-financial liability does not meet all of the criteria for a “liability.”
C)The two liabilities may be valued differently for financial reporting purposes.
D)A non-financial liability is measured at fair value rather than amortized cost.


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