CERTYNEX IFRS ACADEMY

In the note describing probable compensation it is claiming from a former supplier, Gramalis wishes to write "income of 2,000,000 secured for 20X6". Which requirement does this wording disregard?

The requirement to recognise the asset as soon as the inflow is probable.

The prohibition on mentioning a contingent asset in the notes.

The requirement not to give a misleading impression of the likelihood of income.

The requirement to state the name of the supplier concerned.