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Prenella10 Prenella10
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Posts: 339
5 years ago
Onopea Inc. considered two contingencies at the end of 2016:

** a probable loss in the range of $100,000 to $700,000
** a reasonably possible loss of $150,000

Under IFRS, what is the balance for contingent liabilities at the end of 2016?
A) $100,000
B) $400,000
C) $250,000
D) $850,000
Textbook 
Intermediate Accounting

Intermediate Accounting


Edition: 1st
Authors:
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5 years ago
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Prenella10 Author
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5 years ago
Smart ... Thanks!
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