Which of the following is not a disclosure requirement for contingent assets? ...

70.2K

Verified Solution

Question

Accounting

Which of the following is not a disclosure requirement for contingent assets?

Brief description of the nature of the contingent assets.

Where practicable, their financial effect.

Where practicable, the matched contingent liability.

Where an inflow of economic benefits is probable.

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