Match the likelihood of future event with the repotting of the conting.docx
Match the likelihood of future event with the repotting of the contingency. An answer may be selected more than once. (Click the icon to view the reporting of the contingency ) Likelihood of Future Event 5. Remote 6. Reasonably possible 7. Probable and the amount of the loss cannot be esti 8. Probable and the amount of the loss can be estimat How to Report the Contingency a. Do not disclose. b. Record an expense and a liability based on estimated amounts. c. Describe the situation in a note to the financial statements. Solution Answer: 5. Do not Disclose 6. Describe the situation in a note to the financial statements 7. Describe the situation in a note to the financial statements 8. Record an expense and liability based on the estimated amount and Describe the situation in a note to the financial statements .
Match the likelihood of future event with the repotting of the conting.docx
Match the likelihood of future event with the repotting of the contingency. An answer may be selected more than once. (Click the icon to view the reporting of the contingency ) Likelihood of Future Event 5. Remote 6. Reasonably possible 7. Probable and the amount of the loss cannot be esti 8. Probable and the amount of the loss can be estimat How to Report the Contingency a. Do not disclose. b. Record an expense and a liability based on estimated amounts. c. Describe the situation in a note to the financial statements. Solution Answer: 5. Do not Disclose 6. Describe the situation in a note to the financial statements 7. Describe the situation in a note to the financial statements 8. Record an expense and liability based on the estimated amount and Describe the situation in a note to the financial statements .
Recomendados
Más contenido relacionado
Similar a Match the likelihood of future event with the repotting of the conting.docx
Similar a Match the likelihood of future event with the repotting of the conting.docx(6)
Más de maryi15
Más de maryi15(20)
Último
Último(20)
Match the likelihood of future event with the repotting of the conting.docx
- 1. Match the likelihood of future event with the repotting of the contingency. An answer may be selected more than once. (Click the icon to view the reporting of the contingency ) Likelihood of Future Event 5. Remote 6. Reasonably possible 7. Probable and the amount of the loss cannot be esti 8. Probable and the amount of the loss can be estimat How to Report the Contingency a. Do not disclose. b. Record an expense and a liability based on estimated amounts. c. Describe the situation in a note to the financial statements. Solution Answer: 5. Do not Disclose 6. Describe the situation in a note to the financial statements 7. Describe the situation in a note to the financial statements 8. Record an expense and liability based on the estimated amount and Describe the situation in a note to the financial statements