If the Likelihood of a Loss Is Reasonably Possible Rather

question 15

True/False

If the likelihood of a loss is reasonably possible rather than probable,we record no entry,but make full disclosure in a footnote to the financial statements to describe the contingency.

---

Definitions:

Cognitive Processing

The mental operations involved in acquiring, storing, retrieving, and using information.

Associative Learning

The learning method through which a connection is established between a pair of stimuli or between a behavior and a specific stimulus.

Errorless Discrimination Training

A training procedure in animal learning and educational techniques designed to minimize errors and reduce frustration by gradually introducing discriminative stimuli.

Alzheimer's Disease

A progressive neurological disorder that causes memory loss, cognitive decline, and eventual loss of ability to carry out the simplest tasks.