Which of the Following Types of Matters Do not Generally

question 26

Multiple Choice

Which of the following types of matters do not generally require disclosure in the financial statements?

• A)General risk contingencies.
• B)Commitments.
• C)Loss contingencies.
• D)Liabilities to related parties.

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Definitions:

Accrued Revenues

Revenues earned by a company for goods or services provided but not yet billed or received by the end of the accounting period.