Provisions are contingent liabilities which are accrued because the likelihood of an unfavorable outcome is a....
Provisions are contingent liabilities which are accrued because the likelihood of an unfavorable outcome is
a. virtually certain.
b. greater than 50%
. c. at least 75%.
d. possible
Homework Answers
Ans:
b. greater than 50% is Correct Answer
Explanation:
Provisions are contingent liabilities which are accrued because the likelihood of an unfavorable outcome is greater than 50%
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Provisions are contingent liabilities which are accrued because
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