When reporting liabilities on a balance sheet, in theory, what measurement should be used?.

Measurements should be made using the most recent value of the current outflow.Measuring is the process of attempting to relate numerical values to objective quantities and phenomena. All daily operations, including almost all in the sciences, engineering, construction, and other technological fields, rely on measurement.Measuring is the process of comparing an unknown fixed quantity with an identically known precise amount. The findings of the measurement are what determine a quantity's magnitude. The magnitude of a quantity is expressed using numbers in that quantity's units.A debt that a person or company owes, typically in the form of money, is known as a liability. Liabilities are finally paid through the conveyance of financial benefits like money, goods, or services.The balance sheet's right side lists the amounts that have been borrowed as liabilities, which include debts like loans, payables, mortgages, deferred revenue, bonds, warranties, and accumulated costs. You can compare and contrast both assets and liabilities. Liabilities are things you have acquired or owe money to; assets are things you own or owe money to.To know more about current outflowhttps://brainly.com/question/13076734#SPJ4