Which of the following should be disclosed as a note to financial statements as a contingent liability? A customer's claim which, according to legal opinion, has a 75% chance of success A customer's claim for injuries suffered on company premises with 5% chance of success A customer's claim that is unlikely to succeed Damages awarded against a company by court, for wrongful dismissal of an employee The fundamental qualitative characteristic of faithful representation has the components of > Predictive value and confirmatory value. Comparability, consistency, and confirmatory value Completeness, neutrality, and freedom from error Understandability, predictive value, and reliability, When a company is preparing its financial statements, which one of the following is true with relation to research costs can be capitalized: Can be capitalized when the development stage has begun Never capitalized Can be capitalized when the development stage is complete Always capitalized If the goodwill is acquired due to business combination, identify the appropriate moment in time for testing its impairment Whenever there are internal indications of impairment Whenever there are external indications of impairment Every year Never