Under ASPE, Where There Is a Significant Uncertainty with Respect

question 16

Multiple Choice

Under ASPE, where there is a significant uncertainty with respect to the measurement of an item,

• A) do not record anything in the financial statements.
• B) recognize the item in the financial statements and disclose the measurement uncertainty in the notes to the financial statements.
• C) do not record anything in the financial statements but disclose the measurement uncertainty in the notes to the financial statements.
• D) record the maximum amount in the financial statements.