hen should you present your biological asset as current or non-current asset? Or what is/are the conditions that would allow you to present your biological asset as current or non-current asset?

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Contingent Liabilities and Provisions

A contingent liability can be defined as a liability the occurrence of which is dependent upon the happening of an uncertain future event. It is generally recorded in the books only when the amount of liability can be reasonably estimated and the contingency is likely to occur shortly.