Which of the following are not factors that are considered when evaluating whether or not to record a liability for pending litigation?

Question

Quizplus · Accepted Answer

The type of litigation involved is not typically a factor in determining whether or not to record a liability for pending litigation. The other options, the time period in which the underlying cause of action occurred, the probability of an unfavorable outcome, and the ability to make a reasonable estimate of the amount of the loss, are all factors that would be considered.

Which of the Following Are Not Factors That Are Considered