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gOOvER gOOvER
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7 years ago
A contingent gain that is likely and can be reasonably estimated should be:
A) disclosed in a note to the financial statements.
B) accrued with a journal entry.
C) either disclosed in a note or accrued with a journal entry.
D) ignored until the actual gain materializes.
Textbook 
Accounting, Volume 1, Canadian Edition

Accounting, Volume 1, Canadian Edition


Edition: 9th
Authors:
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raovatallpyraovatallpy
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7 years ago
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