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Financial accounting 16th Edition by Jan Williams,Susan Haka,Mark Bettner ,Joseph Carcello
Edition 16ISBN: 978-0077862381Financial accounting 16th Edition by Jan Williams,Susan Haka,Mark Bettner ,Joseph Carcello
Edition 16ISBN: 978-0077862381 Exercise 44
A basic difference between loss contingencies and "real" liabilities is:
a.iabilities stem from past transactions; loss contingencies stem from future events.
b.he extent of uncertainty involved.
c.iabilities always are recorded in the accounting records, whereas loss contingencies never are.
d.iabilities can be large in amount, whereas loss contingencies are immaterial.
a.iabilities stem from past transactions; loss contingencies stem from future events.
b.he extent of uncertainty involved.
c.iabilities always are recorded in the accounting records, whereas loss contingencies never are.
d.iabilities can be large in amount, whereas loss contingencies are immaterial.
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Financial accounting 16th Edition by Jan Williams,Susan Haka,Mark Bettner ,Joseph Carcello
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