Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. contingent liabilities must be recorded if: the fu

Contingent liabilities must be recorded if: The future event is reasonably possible but not estimable....

80.2K

Verified Solution

Question

Accounting

Contingent liabilities must be recorded if: The future event is reasonably possible but not estimable. The future event is probable but not estimable. The future event is remote. The amount owed cannot be reasonably estimated. The future event is probable, and the amount owed can be reasonably estimated.Contingent liabilities must be recorded if: The future event is reasonably possible but not estimable. The future event is probable but not estimable. The future event is remote. The amount owed cannot be reasonably estimated. The future event is probable, and the amount owed can be reasonably estimated.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Geometry
1.2K views

What is the volume of a cylinder, in cubic feet, with a height of 5...

Finance
1.2K views

#6. there is a choice to buy a car worth $32,000 with 100% financing at 3.99%...

Chemistry
1.2K views

Consider a solution that is 1.5×10−2 M in Ba2+ and 1.9×10−2 M in Ca2+. What minimum concentration...

Biology
1.2K views

The circled portion of the karyotype indicates at chromosome number B 13 14 15 KR...

Physics
1.2K views

When a voltage measuring device is connected to AC mains the meter shows the steady...

Physics
1.2K views

Two wires of the same material have lengths in the ratio 1 2 and their...

Physics
1.2K views

If the angular dispersion produced by a prism is e for a wavelength 4000 then...

Geometry
1.2K views

2 Let F R R be given by f x y x ay x y...

Basic Math
1.2K views

What percent of the total population is found between the mean and the z score...

Accounting
1.2K views

Brothers Herry and Hermen Housyerdsy began operstions of their mschine shop (H & H Tool,...

Accounting
1.2K views

Exhibits 5.21A and 5.21B contain the consolidated statements of cash flows and related note disclosure...

Accounting
1.2K views

Required information E5-5 (Algo) Preparing a Bank Reconciliation and Journal Entries and Reporting Cash [LO...