Which of the following does not require disclosure in the financial statements? There is a present obligation that probably requires an outflow of resources that can be measured reliably. There is a present obligation that probably requires an outflow of resources but the amount cannot be measured reliably. There is a possible obligation or a present obligation that may, but probably will not require an outflow of resources There is a possible obligation or a present obligation where the likelihood of an outflow of resource is remot
Which of the following does not require disclosure in the financial statements? There is a present obligation that probably requires an outflow of resources that can be measured reliably. There is a present obligation that probably requires an outflow of resources but the amount cannot be measured reliably. There is a possible obligation or a present obligation that may, but probably will not require an outflow of resources There is a possible obligation or a present obligation where the likelihood of an outflow of resource is remot
Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
Publisher:Eugene F. Brigham, Phillip R. Daves
Chapter9: Corporate Valuation And Financial Planning
Section: Chapter Questions
Problem 3Q
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Which of the following does not require disclosure in the financial statements?
There is a present obligation that probably requires an outflow of resources that can be measured reliably.
There is a present obligation that probably requires an outflow of resources but the amount cannot be measured reliably.
There is a possible obligation or a present obligation that may, but probably will not require an outflow of resources
There is a possible obligation or a present obligation where the likelihood of an outflow of resource is remote.
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