This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Which of the following is NOT an acceptable method of reporting contingent liabilities on the Balance Sheet? (Read 118 times)

Diane

  • Hero Member
  • *****
  • Posts: 576
on: Feb 18, 2020
Which of the following is NOT an acceptable method of reporting contingent liabilities on the Balance Sheet?
◦ If it is reasonably possible that they will occur, disclose the existence and circumstances of the liabilities in the footnotes.
◦ Disclose the liabilities in the footnotes if they are probable, but the amount cannot be reasonably estimated.
◦ Do not report if they are very unlikely to occur.
◦ Report the liabilities in the current or long-term liability section if they are reasonably possible.
Financial Accounting ¦ Kemp, Waybright ¦ 5th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by Diane on Feb 18, 2020

wtf444

  • Sr. Member
  • ****
  • Posts: 314
Reply #1 on: Feb 18, 2020
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.
Answer Preview
Only 39% of students answer this correctly


Diane

  • Member
  • Posts: 576
Reply 2 on: Feb 18, 2020
YES! Correct, THANKS for helping me on my review

rleezy04

  • Member
  • Posts: 322
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

HIV testing reach is still limited. An estimated 40% of people with HIV (more than 14 million) remain undiagnosed and do not know their infection status.

Did you know?

Limit intake of red meat and dairy products made with whole milk. Choose skim milk, low-fat or fat-free dairy products. Limit fried food. Use healthy oils when cooking.

Did you know?

People often find it difficult to accept the idea that bacteria can be beneficial and improve health. Lactic acid bacteria are good, and when eaten, these bacteria improve health and increase longevity. These bacteria included in foods such as yogurt.

Did you know?

There are more nerve cells in one human brain than there are stars in the Milky Way.

Did you know?

In Eastern Europe and Russia, interferon is administered intranasally in varied doses for the common cold and influenza. It is claimed that this treatment can lower the risk of infection by as much as 60–70%.

Performing Venipuncture Using the Vacutainer Method Performing Venipuncture Using the Vacutainer Method
Every society has boundaries that divide what is considered socially acceptable from what is not ... Every society has boundaries that divide what is considered socially acceptable from what is not ...
Calcium balance. Calcium balance.
The material safety data sheet (MSDS) for sulfuric acid showing the detailed technical information ... The material safety data sheet (MSDS) for sulfuric acid showing the detailed technical information ...
Nitrogen Balance and Imbalance Nitrogen Balance and Imbalance
Linear programming problems using the simplex method. Linear programming problems using the simplex method.
Video: Epidural Hematoma

For a complete list of videos, visit our video library