Examlex
What is outsourcing? Why would a company want to outsource some activities?
Reasonably Possible
Refers to a situation or outcome that is within the realm of likelihood, though not certain, based on current knowledge and circumstances.
Probable Loss
An anticipated financial loss that has a greater than 50% chance of occurring, often recognized in financial statements in accordance with accounting principles.
Estimable Loss
A projected financial loss that can be anticipated and measured with reasonable accuracy.
Financial Statement Disclosure
The provision of information in a company's financial statements beyond the basic financial numbers, aimed at giving a complete understanding of the company's financial health.
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