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Author Question: Which of the following is NOT an acceptable method of reporting contingent liabilities on the Balance Sheet? (Read 123 times)

Diane

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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
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Marked as best answer by Diane on Feb 18, 2020

wtf444

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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.
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Diane

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Reply 2 on: Feb 18, 2020
Great answer, keep it coming :)

parshano

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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