Which of the Following Items Would Not Be Identified If

question 44

Multiple Choice

Which of the following items would not be identified if a contingent liability were disclosed in a financial statement footnote?

• A) The nature of the item
• B) The expected outcome of the future event
• C) A numerical probability of the expected loss
• D) The amount of the contingency if known

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Definitions:

Nocturnal Enuresis

Involuntary urination that occurs during sleep, especially common in children.

Protective Pads

Items designed to safeguard specific parts of the body against injury, often used in contact sports or occupational settings.

Bed Alarm

A device used to monitor patients at risk of falling out of bed, alerting caregivers when a patient attempts to leave the bed.

Parasomnias

A category of sleep disorders that involve abnormal movements, behaviors, perceptions, and emotions during sleep, such as sleepwalking and night terrors.