AUDITING & ASSURANCE SERVICES CONNECT AC
AUDITING & ASSURANCE SERVICES CONNECT AC
10th Edition
ISBN: 9781259292057
Author: MESSIER
Publisher: MCG
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Chapter 17, Problem 17.3RQ
To determine

Concept Introduction:

Commitments are the promises or indemnity made by the company for specified circumstances. There are provisions required for the commitments which require payment of obligation. The auditor checks these commitments and provisions made.

To indicate: Two examples of commitments and when they result in decrease in other comprehensive income.

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