Question
Litigation won in the current year, related to the prior period would Increase income for litigation settlement, assuming it was not accrued. What type of
Litigation won in the current year, related to the prior period would Increase income for litigation settlement, assuming it was not accrued.
What type of contingency are we referring to here? And based on the answer, why was it not recognized in the prior period? What do you think?
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Current Issues In Auditing Fraternity Modern Auditing And Auditors Issues
Authors: Nancy Myle
1st Edition
B0BCSDPYMD, 979-8849756974
