Blue Co Can Estimate the Amount of Loss That Will Occur

question 103

Multiple Choice

Blue Co. can estimate the amount of loss that will occur if a foreign government expropriates some of the company's assets in that country. If the likelihood of expropriation is remote, a loss contingency should be:

• A) Disclosed but not accrued as a liability.
• B) Disclosed and accrued as a liability.
• C) Accrued as liability but not disclosed.
• D) Neither accrued as a liability nor disclosed.

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Short Sentences

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The skill of strategically placing importance on certain information or aspects of communication to guide the audience’s attention and response.

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