Question
To record a liability for a contingent loss in a given year, the CAUSE of the contingent loss must have occurred on or before the
To record a liability for a contingent loss in a given year, the CAUSE of the contingent loss must have occurred on or before the year end date of that year.
True or False?
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Horngrens Accounting
Authors: Tracie L. Miller nobles, Brenda L. Mattison, Ella Mae Matsumura
12th edition
9780134487151, 013448715X, 978-0134674681
