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remy2012 remy2012
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A commitment is best described as

▸ an agreement to commit the firm to a set of fixed conditions in the future.

▸ an agreement to commit the firm to a set of fixed conditions in the future that depends on company profitability.

▸ an agreement to commit the firm to a set of fixed conditions in the future that depends on current market conditions.

▸ a potential future obligation to an outside party for an as yet to be determined amount.
Textbook 

Auditing and Assurance Services


Edition: 17th
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wukong81wukong81
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More questions for this book are available here
an agreement to commit the firm to a set of fixed conditions in the future.

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