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Ace_AZ Ace_AZ
wrote...
Posts: 351
5 years ago
A liability for a contingent loss will be accrued and reported on the balance sheet if the occurrence of the obligation is at least reasonably possible.
[True or False]
Textbook 
Intermediate Accounting

Intermediate Accounting


Edition: 1st
Authors:
Read 26 times
3 Replies
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Answer verified by a subject expert
ElijahPElijahP
wrote...
Posts: 203
5 years ago
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Ace_AZ Author
wrote...
5 years ago
Commenting just to show my support for informative posts like this, keep it up 10/10
wrote...
5 years ago
That helps more than you thinks, thanks for being so thoughtful
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