Multiple Select Question

Select all that apply

Which of the following contingent liabilities would require a company to record a note to the financial statements?

The liability is possible and is estimated to be $$35,000.$

The liability is remote and cannot be estimated.

The liability is remote and estimated to be $$15,000.$

The liability is probable and cannot be reasonably estimated.

The liability is probable and estimated to be $$40,000.$

The liability is possible and cannot be reasonably estimated.Multiple Select Question

Select all that apply

Which of the following contingent liabilities would require a company to record a note to the financial statements?

The liability is possible and is estimated to be $$35,000.$

The liability is remote and cannot be estimated.

The liability is remote and estimated to be $$15,000.$

The liability is probable and cannot be reasonably estimated.

The liability is probable and estimated to be $$40,000.$

The liability is possible and cannot be reasonably estimated.Multiple Select Question

Select all that apply

Which of the following contingent liabilities would require a company to record a note to the financial statements?

The liability is possible and is estimated to be $$35,000.$

The liability is remote and cannot be estimated.

The liability is remote and estimated to be $$15,000.$

The liability is probable and cannot be reasonably estimated.

The liability is probable and estimated to be $$40,000.$

The liability is possible and cannot be reasonably estimated.