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Other Fields Homework Help Accounting Topic started by: mylesnagop on Aug 1, 2022



Title: If a potential loss on a contingent liability is remote, the liability usually is
Post by: mylesnagop on Aug 1, 2022
If a potential loss on a contingent liability is remote, the liability usually is

▸ disclosed in footnotes, but not accrued.

▸ neither accrued nor disclosed in footnotes.

▸ accrued and indicated in the body of the financial statements.

▸ disclosed in the auditor's report but not disclosed on the financial statements.


Title: If a potential loss on a contingent liability is remote, the liability usually is
Post by: denitra31 on Aug 1, 2022
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