Under International Accounting Standards,remote Contingent Liabilities Are G

question 34

Multiple Choice

Under international accounting standards,remote contingent liabilities are g. ,cosigning the loan of another party) exists.

• A) not disclosed.
• B) not disclosed unless a guarantee arrangement (e.
• C) disclosed if the amount of the contingent liability is reasonably estimable.
• D) treated the same as reasonable possible contingencies.

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Definitions:

Attitude Object

An entity, person, place, thing, or concept toward which an attitude is held, impacting feelings, beliefs, and behavior regarding it.

Level of Involvement

Refers to the degree of perceived relevance and personal importance that an individual attaches to a product, activity, or decision, affecting information processing and decision-making.

Available Income

The portion of an individual's or household's income that is available for spending, saving, or investing after taxes and other deductions.

Type of Involvement

Refers to the level of personal interest and importance that a consumer places on the acquisition, consumption, and disposal of a good or service.