Liabilities Whose Amounts Must Be Estimated Are Disclosed in Financial

question 85

Multiple Choice

Liabilities whose amounts must be estimated are disclosed in financial statements by

• A)including details in the footnotes
• B)describing the estimated liabilities among the liabilities on the balance sheet but not including the amounts in the liability totals
• C)an appropriation of retained earnings
• D)including the amounts in the liability totals

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Definitions:

Declaration Statement

A statement in programming that specifies the type and possibly the initial value of one or more variables or constants.

Extern

A keyword in C and C++ programming languages used to declare a variable or function in another file.

New Variable

The process of declaring a memory space for storing values, with a specific type in programming.

Pointer Variable

A pointer variable is a variable that stores the memory address of another variable, enabling direct memory access and manipulation in programming.