If a contingent liability is probable and the amount of the liability can be reasonably estimated, it is

a. not recorded but should be disclosed.
b. recorded and disclosed.
c. recorded only.
d. not recorded and not disclosed.

Question

chloeroebuck2021 chloeroebuck2021

01-04-2022
Business

Answered

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If a contingent liability is probable and the amount of the liability can be reasonably estimated, it is

a. not recorded but should be disclosed.
b. recorded and disclosed.
c. recorded only.
d. not recorded and not disclosed.

Sagot :

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