AUDITING RMU
AUDITING RMU
11th Edition
ISBN: 9781260934830
Author: MESSIER
Publisher: MCGRAW-HILL HIGHER EDUCATION
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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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