Use the Following Key (A-D) to Identify the Proper Treatment

question 61

Multiple Choice

Use the following key (a-d) to identify the proper treatment of each contingent liability.
-Event is reasonably possible but amount is not estimable

• A)Record only
• B)Record and disclose
• C)Disclose only
• D)Do not record or disclose

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Definitions:

Instrumental Compliance

Following rules or guidelines not out of agreement or belief but as a means to achieve a certain goal or reward.

Imitates

To take or follow as a model; to replicate someone’s behavior or actions.

Resistance

Opposition or refusal to accept or comply with changes, policies, or practices.

Apathetic

Showing or feeling no interest, enthusiasm, or concern about something.