A Loss Contingency That Is Remote and Cannot Be Reasonably

question 69

Multiple Choice

A loss contingency that is remote and cannot be reasonably estimated

• A) may be disclosed in a note to the financial statements.
• B) must be disclosed in a note to the financial statements.
• C) must be reported in the body of the financial statements.
• D) is permitted to be reported in the body of the financial statements.

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Definitions:

Norepinephrine

A neurotransmitter involved in arousal, attention, and the fight-or-flight response.

Internal

Pertaining to or occurring within an individual's mind or self, often used in the context of internal vs. external motivation or processes.

Stable

Characterized by consistency, resilience, or lack of significant change over time.

Depressed

Depressed refers to a state of low mood and aversion to activity that can affect a person's thoughts, behavior, feelings, and sense of well-being, commonly associated with depression.