A contingent event for which the likelihood of payment is properly judged to be remote : a.

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A contingent event for which the likelihood of payment is properly judged to be remote:

a. is not required to be disclosed in the financial statement notes

b. must be disclosed in the financial statement notes

c. must be recorded if the amount is estimated significant

Related Book For answer-question

Accounting for Governmental and Nonprofit Entities

ISBN: ?978-0073379609

15th Edition

Authors: Earl R. Wilson, Jacqueline L Reck, Susan C Kattelus

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Posted Date: Oct 20, 2023 09:18 AM

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A contingent event for which the likelihood of payment is properly judged to be remote : a.

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Accounting for Governmental and Nonprofit Entities

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