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Author Question: Three conditions are required for a contingent liability to exist. Which of the following isnotone ... (Read 54 times)

blinding37

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on: Aug 21, 2022

Question 1

One of the primary approaches in dealing with uncertainties in loss contingencies uses a(n) ________ threshold.
◦ monetary
◦ materiality
◦ probability
◦ analytical

Question 2

Three conditions are required for a contingent liability to exist. Which of the following is not one of those conditions?
◦ There is a potential future payment to an outside party or the impairment of an asset that resulted from an existing condition.
◦ The outcome must be resolved by a third-party.
◦ There is uncertainty about the amount of the future payment or impairment.
◦ The outcome will be resolved by some future event or events.
Auditing and Assurance Services ¦ Arens, Elder, Beasley, Hogan ¦ 17th Edition
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Marked as best answer by blinding37 on Aug 21, 2022

miro2222

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Reply #1 on: Aug 21, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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blinding37

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Reply 2 on: Aug 21, 2022
YES! Correct, THANKS for helping me on my review

adf223

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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