Just the last three subparts please, thank you!!!! Use the following key (a-d) to identify the proper treatment of each contingent liabilitya. Record onlyb. Record and disclosec. Disclose onlyd. Do not record or discloseEvent is probable and amount is estimableChoose... +Event is probable but amount is not estimableChoose... +Event is remote and amount is not estimableChoose... +Event is reasonably possible but amount is not estimableChoose... +Event is remote and amount is estimableChoose... +Event is reasonably possible and amount is estimableChoose... +

If the Event is reasonably possible but the amount is not estimable, disclosure of contingency is…

Answered: Event is reasonably possible but amount…

Event is reasonably possible but amount is not estimable Choose.. + Event is remote and amount is estimable Choose... + Event is reasonably possible and amount is estimable Choose... +

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter12: Current Liabilities

Section: Chapter Questions

Problem 8MC: Which of the following best describes a contingent liability that is likely to occur but cannot be...

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Question

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Just the last three subparts please, thank you!!!!

Use the following key (a-d) to identify the proper treatment of each contingent liability
a. Record only
b. Record and disclose
c. Disclose only
d. Do not record or disclose
Event is probable and amount is estimable
Choose... +
Event is probable but amount is not estimable
Choose... +
Event is remote and amount is not estimable
Choose... +
Event is reasonably possible but amount is not estimable
Choose... +
Event is remote and amount is estimable
Choose... +
Event is reasonably possible and amount is estimable
Choose... +

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