A Footnote Disclosure Only Is Required If the Likelihood of a Loss

question 42

Multiple Choice

A footnote disclosure only is required if the likelihood of a loss due to a contingency is

• A) Remote
• B) Reasonably possible
• C) Probable
• D) Negligible

---

Definitions:

Form 1099-INT

A tax form in the United States used to report interest income from banks and other financial institutions.

Leadership Education Programs

Formal or informal educational initiatives designed to enhance leadership skills and competencies in individuals.

Followership Education Programs

Initiatives or courses designed to teach individuals how to be effective followers, emphasizing the importance of teamwork, support, and constructive feedback.

Skills Approach

A perspective in leadership that emphasizes the importance of developing certain skills or competencies to be effective.