Homebuilders need not be concerned with unasserted claims because future risks do not require disclosure in the financial statements.

Name: Homebuilders need not be concerned with unasserted claims because future risks do not require disclosure in the financial statements.
Brand: Quizplus
Rating: 4.8 (41 reviews)

Question

Quizplus · Accepted Answer

Homebuilders could face legal claims in the future that could have a significant impact on their financial statements. Therefore, the risks of unasserted claims should be disclosed in the financial statements.

Homebuilders Need Not Be Concerned with Unasserted Claims Because Future