Information relative to a loss contingency that becomes available after the fiscal year ends, but before the
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Question:
Information relative to a loss contingency that becomes available after the fiscal year ends, but before the financial statement date (select all that apply)
cannot be considered in estimating the amount of loss because the information was not available until after year end.
should be considered in determining the probability of a loss contingency.
should be ignored since the information was not available until after the fiscal year end.
should be considered in estimating the amount of the loss.
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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