In order to be recorded as a liability on the balance sheet, an item must be
a. reasonably possible and subject to estimate
b. probable.
c. remote, but subject to estimate
d. probably, and subject to estimate
e. all of the above
Answer: D
In order to be recorded as a liability on the balance sheet, an item must be
a. reasonably possible and subject to estimate
b. probable.
c. remote, but subject to estimate
d. probably, and subject to estimate
e. all of the above
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