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Question 8 3 . 3 3 pts ABC Company is involved in a lawsuit. ABC would not need to record a liability or disclose the
Question pts ABC Company is involved in a lawsuit. ABC would not need to record a liability or disclose the lawsuit in the notes to the financial statements if the probability of ABC owing money as a result of the lawsuit is: Remote Probable Reasonably possible Probable and the amount is reasonably estimable Question pts Outstanding common stock refers to the total number of shares:
Question
pts
ABC Company is involved in a lawsuit. ABC would not need to record a liability or disclose the lawsuit in the notes to the financial statements if the probability of ABC owing money as a result of the lawsuit is:
Remote
Probable
Reasonably possible
Probable and the amount is reasonably estimable
Question
pts
Outstanding common stock refers to the total number of shares:
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