Which of the Following Is a Category That Does Not

question 11

Multiple Choice

Which of the following is a category that does not reflect the contingent nature of losses and the guiding criteria organized around probability of outcomes as provided by the FASB?

• A)Guaranteed.
• B)Reasonably possible.
• C)Remote.
• D)Probable.

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Definitions:

Clarification

The process of making something clear or understandable by providing more details or simplifying the explanation.

Reflection

Reflection refers to the return of light, heat, sound, or energy from a surface, or the act of serious thought or consideration.

Clarification

A process of making something less confusing or more comprehensible by providing more details or explanation.

Industrial Diseases

Illnesses and conditions that are a direct result of work or occupational environment.