A Contingent Gain That Is Likely and Can Be Reasonably

question 24

Multiple Choice

A contingent gain that is likely and can be reasonably estimated should be:

• A)disclosed in a note to the financial statements.
• B)accrued with a journal entry.
• C)either disclosed in a note or accrued with a journal entry.
• D)ignored until the actual gain materializes.

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Definitions:

Public Health Nursing

A specialized field of nursing that focuses on promoting and protecting the health of populations through community-based strategies.

Community Health Systems

A network of healthcare providers and organizations that offer services to meet the health needs of community members.

Validate Data

The process of checking or confirming the accuracy and reliability of data, often used in research, healthcare, and information management.

Prioritize Problems

The process of arranging issues or challenges in order of importance to address the most critical or impactful ones first.