Question: Select the term with the most appropriate response. No reply is used more than once. Term 1 . Uncorrected misstatements 2 . Loss contingency Possible

Select the term with the most appropriate response. No reply is used more than once. Term 1. Uncorrected misstatements 2. Loss contingency Possible loss, will be resolved in future 3. Factual misstatements No doubt about amount of misstatement 4. Judgmental misstatements Misstatements dealing with estimates 5. Formal commitment Contractual obligation

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