In the accounting records of a defendant, lawsuits:
A) Are estimated liabilities.
B) Should always be recorded.
C) Should always be disclosed.
D) Should be recorded if payment for damages is probable and the amount can be reasonably estimated.
E) Should never be recorded.

Question

14-06-2024
Business

Answered

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In the accounting records of a defendant, lawsuits:
A) Are estimated liabilities.
B) Should always be recorded.
C) Should always be disclosed.
D) Should be recorded if payment for damages is probable and the amount can be reasonably estimated.
E) Should never be recorded.

Sagot :

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