Which of the following is the proper way to report a contingent asset considered probable a As an asset b As deferred revenue c No disclosure or accrual required d As a disclosure only ...

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Which of the following is the proper way to report a contingent asset considered probable? a. As

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Which of the following is the proper way to report a contingent asset considered probable?

	a.	As an asset.
	b.	As deferred revenue.
	c.	No disclosure or accrual required.
	d.	As a disclosure only.

Related Book For answer-question

Accounting For Governmental And Nonprofit Entities

ISBN: 9781260118858

19th Edition

Authors: Jacqueline Reck, Suzanne Lowensohn, Daniel Neely

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Posted Date: Dec 09, 2022 05:09 AM

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Which of the following is the proper way to report a contingent asset considered probable? a. As

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Accounting For Governmental And Nonprofit Entities

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