Question
When is a contingent liability recorded? When the future events are probable to occur. When the future events will possibly occur and the amount can
When is a contingent liability recorded?
When the future events are probable to occur.
When the future events will possibly occur and the amount can be reasonably estimated.
When the amount can be reasonably estimated.
When the future events are probable to occur and the amount can be reasonably estimated.
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Accounting Volume 2
Authors: James Reeve, Jonathan Duchac, Sheila Elworthy, Carl S. Warren
2nd Canadian edition
176501452, 978-0176501457, 978-0176509743
