Which of the following best describes a contingent liability that is unlikely to occur? A. Remote B.
Question:
Which of the following best describes a contingent liability that is unlikely to occur?
A. Remote
B. Probable and estimable
C. Reasonably possible
D. Probable and inestimable
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the correct option is Okay The correct option is a which is remote Contingent liabilities are record...View the full answer
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Related Book For 
Principles Of Accounting Volume 1 Financial Accounting
ISBN: 9781593995942
1st Edition
Authors: Mitchell Franklin, Patty Graybeal, Dixon Cooper, OpenStax
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