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ScottyAgau ScottyAgau
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Posts: 279
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6 years ago
A liability for a contingent loss of a known amount will be disclosed in a footnote if the occurrence of the obligation is deemed to be probable.
[True or False]
Textbook 
Intermediate Accounting

Intermediate Accounting


Edition: 1st
Authors:
Read 42 times
1 Reply
 
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aiyanaangeni1aiyanaangeni1
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Posts: 189
6 years ago
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Good timing, thanks!
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