Gain Contingencies That Are Remote and Can Be Reasonably Estimated

question 21

Multiple Choice

Gain contingencies that are remote and can be reasonably estimated

• A) must be disclosed in a note to the financial statements.
• B) may be disclosed in a note to the financial statements.
• C) must be reported in the body of the financial statements.
• D) should not be reported or disclosed.

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Definitions:

Query Grid

A graphical interface within software that allows users to construct database queries in a grid format, facilitating a more visual approach to data interaction.

Query Design View

A feature in database applications that allows users to visually create and modify queries to select or manipulate data.

Control Layout

The arrangement and organization of interactive elements and controls in a user interface or form.

Report

A structured presentation of information or analysis, often based on investigation or research, presented in written, spoken, or graphical form.