FASB ASC Topic 450, Contingencies, provides accounting guidance for _______. A. the accounting treatment for intangible...
FASB ASC Topic 450, Contingencies, provides accounting guidance for _______.
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A. the accounting treatment for intangible assets |
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B. depreciable methods for property, plant and equipment |
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C. events, or potential events, that create uncertainty for a company |
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D. business combinations |
Homework Answers
Solution:
FASB ASC Topic 450, Contingencies, provides accounting guidance for "events, or potential events, that create uncertainty for a company".
This is prescribed as per FASB ASC Topic 450.
Hence, option "C" is correct.
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