Accounting · Provisions and Liabilities

Consider the following statements: 1. A provision will always be classified as falling due for payment within twelve months of the reporting date, whereas a liability may be classified as either current or non-current. 2. A provision requires judgment and estimation to quantify the amount and/or the date of payment, whereas a liability is normally capable of precise calculation and the date of payment can be determined. 3. A provision meets the definition of a liability, but is subject to uncertainty regarding the exact amount or date of the future outflow of economic benefits. Which of the statements given above are correct in relation to provisions and liabilities?