Business, 06.11.2019 22:31 momneedshelphmwk

Accounting for contingent liabilities covers three possibilities:
(1) the future event is probable and the amount cannot be reasonably estimated;
(2) the future event is remote or unlikely to recur;
(3) the likelihood of the liability to occur is impossible.
a) true
b) false

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Accounting for contingent liabilities covers three possibilities:
(1) the future event is pr...

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