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Other Fields Homework Help Accounting Topic started by: H3Ko on Sep 3, 2016



Title: A contingency was evaluated at year-end. Management felt it was probable that this would become an ...
Post by: H3Ko on Sep 3, 2016
A contingency was evaluated at year-end. Management felt it was probable that this would become an actual liability and the amount could be reasonably estimated. If this is reported on the balance sheet, it could be considered a violation of generally accepted accounting principles.
A) True
B) False


Title: Re: A contingency was evaluated at year-end. Management felt it was probable that this would become ...
Post by: Mrgo-breed on Sep 3, 2016
Content hidden


Title: Re: A contingency was evaluated at year-end. Management felt it was probable that this would become an ...
Post by: H3Ko on Oct 12, 2016
Really appreciate your help. Sorry for taking so long to thank you, you deserve the recognition.


Title: Re: A contingency was evaluated at year-end. Management felt it was probable that this would become an ...
Post by: Mrgo-breed on Oct 16, 2016
I'm liking this :)