When Paul Sliz Was Reviewing Existing or Possible Obligations on the Balance

question 11

Multiple Choice

When Paul Sliz was reviewing existing or possible obligations on the balance sheet, he was told that the outcome for these obligations was uncertain and that the company was awaiting a future event. Paul Sliz was reviewing

• A) accruals.
• B) going concern.
• C) materiality.
• D) contingent liabilities.

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