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eFishie eFishie
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6 years ago
IFRS uses specific terminology to refer to the likelihood of the occurrence of an organizational event. Which of the following would need to provide for the (i.e. the financial statements adjusted)?
A) outflow of resources is required, but cannot be reliably estimated
B) possibility that an outflow of resources is required
C) likelihood is remote
D) amount is yet to be confirmed
Textbook 
Auditing: The Art and Science of Assurance Engagements, Canadian Edition

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


Edition: 12th
Authors:
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victroxvictrox
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#1
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6 years ago
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eFishie Author
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6 years ago
Good timing, thanks!
novae
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Yesterday
This calls for a celebration Person Raising Both Hands in Celebration
Loruiz15
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2 hours ago
Thank you, thank you, thank you!
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