Question
Which of the following is the proper way to report a contingent asset considered probable? a. As an asset. b. As deferred revenue. c. No
Which of the following is the proper way to report a contingent asset considered probable?
| a. | As an asset. | |
| b. | As deferred revenue. | |
| c. | No disclosure or accrual required. | |
| d. | As a disclosure only.
|
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Cost Accounting Concepts And Applications For Managerial Decision Making
Authors: Ralph S. Polimeni, James A. Cashin, Frank J. Fabozzi, Arthur H. Adelberg
2nd Edition
0070103100, 978-0070103108
