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A commitment is best described as

remy2012

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A commitment is best described as

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: 17^th

Authors: Arens, Elder, Beasley, Hogan

Read 23 times

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wukong81

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More solutions for this book are available here

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remy2012 Author

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Thanks

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Thanks for your help!!

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this is exactly what I needed

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