Which of the Following Is Most Likely to Require Only

question 19

Multiple Choice

Which of the following is most likely to require only a note disclosure as a contingency?

• A) Cash discounts given for early payment by customers (which are almost always taken)
• B) Remote chance of loss from a lawsuit in process
• C) Probable claim for an income tax refund
• D) Loss from an investment in equity securities that is certain

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Definitions:

Working Conditions

The physical and psychological environment in which employees perform their job duties, including safety, hours, amenities, and atmosphere.

Relationships With Colleagues

The interpersonal connections and interactions between employees within a workplace.

Weighted Average Cost Of Capital

The average rate of return a company is expected to pay its security holders, weighted by the proportion of each finance source in the company's structure.

Economic Value Added

A measure of a company's financial performance calculated by subtracting its cost of capital from its operating profit.