Because Bad News Can Be Difficult for a Reader to Accept,it

question 99

True/False

Because bad news can be difficult for a reader to accept,it should always be delivered using the indirect method.

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Definitions:

Contingent Liability

A potential obligation that may arise in the future depending on the occurrence of a certain event.

Financial Statement

A formal record of the financial activities and position of a business, person, or other entity.

Numerical Probability

A quantifiable measure that expresses the likelihood of occurrence of an event, presented as a number between 0 and 1.

Gross Earnings

Gross Earnings are the total amount earned by an individual or entity before any deductions such as taxes, benefits, and other payroll deductions.