Which of the following contingent liabilities would require a company to record a note to the...
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Which of the following contingent liabilities would require a company to record a note to the financial statements? (Check all that apply.) The liability is possible and cannot be reasonably estimated. The liability is probable and cannot be reasonably estimated. The liability is remote and estimated to be $15,000. The liability is possible and is estimated to be $35,000. The liability is remote and cannot be estimated. The liability is probable and estimated to be $40,000. Which of the following contingent liabilities would require a company to record a note to the financial statements? (Check all that apply.) The liability is possible and cannot be reasonably estimated. The liability is probable and cannot be reasonably estimated. The liability is remote and estimated to be $15,000. The liability is possible and is estimated to be $35,000. The liability is remote and cannot be estimated. The liability is probable and estimated to be $40,000.
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Auditing a risk based approach to conducting a quality audit
ISBN: 978-1133939153
9th edition
Authors: Karla Johnstone, Audrey Gramling, Larry Rittenberg
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