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Title: A contingency was evaluated at year-end and considered to have a reasonable possibility of becoming ... Post by: H3Ko on Sep 3, 2016 A contingency was evaluated at year-end and considered to have a reasonable possibility of becoming an actual liability. If this was not reported on the balance sheet or in the notes to the financial statements, it could be considered a violation of generally accepted accounting principles.
A) True B) False Title: Re: A contingency was evaluated at year-end and considered to have a reasonable possibility of ... Post by: .unplugged. on Sep 3, 2016 Content hidden
Title: Re: A contingency was evaluated at year-end and considered to have a reasonable possibility of becoming ... Post by: H3Ko on Oct 12, 2016 I posted this question a while back then forgot to check the forum lol Thanks for answering, you were right
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