Question
The SEC Staff had the following comments on Contingencies disclosures, except: a. Use of unclear language in disclosures b. Lack of specificity regarding the nature
The SEC Staff had the following comments on Contingencies disclosures, except:
a. Use of unclear language in disclosures b. Lack of specificity regarding the nature of the matter c. Insufficient details about judgments and assumptions underlying significant accruals d. Inconsistency between the disclosure of the matter and the recording of the liability amount.
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College Accounting Chapters 1-30
Authors: David Haddock, John Price, Michael Farina
16th Edition
1260247902, 978-1260247909
