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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Chapter 17, Problem 17.3RQ

To determine

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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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