Top Posters
Since Sunday
a
5
k
5
c
5
B
5
l
5
C
4
s
4
a
4
t
4
i
4
r
4
r
4
Home Q & A Board Other Fields Homework Help Business Accounting
New Topic  
Cadish Cadish
wrote...
Go to Answer
Posts: 694
Rep: 7 0
6 years ago
If a potential loss on a contingent liability is unlikely and the event will not likely have a significant adverse financial effect, the liability should be
A) accrued and indicated in the body of the financial statements.
B) disclosed in footnotes, but not accrued.
C) neither accrued nor disclosed in footnotes.
D) disclosed in the auditor's report but not disclosed on the financial statements.
Textbook 
Auditing: The Art and Science of Assurance Engagements, Canadian Edition

Auditing: The Art and Science of Assurance Engagements, Canadian Edition


Edition: 12th
Authors:
Read 68 times
2 Replies
Auditing: The Art and Science of Assurance Engagements, Twelfth Canadian Edition, 12/E (Arens, Elder, Beasley, Splettstoesser)
Replies
Answer verified by a subject expert
inthe80sinthe80s
wrote...
#1
Posts: 475
Rep: 6 0
6 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

Cadish Author
wrote...
#2
5 years ago
Great helper
Auditing: The Art and Science of Assurance Engagements, Twelfth Canadian Edition, 12/E (Arens, Elder, Beasley, Splettstoesser)
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  965 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 128
  
 226
  
 226
Your Opinion
Who's your favorite biologist?
Votes: 586
Previous poll results: Which is the best fuel for late night cramming?