We Record Gain Contingencies When the Gain Is Probable and the Amount

question 128

True/False

We record gain contingencies when the gain is probable and the amount is reasonably estimable.We do not record gain contingencies until the gain is certain.

---

Definitions:

Message

A piece of information or communication sent from one individual or group to another.

Channels

in communication refer to the mediums through which information is transmitted from one entity to another, such as verbal, non-verbal, written, and digital modes.

Messages

Information or communication sent from one person or entity to another, through various means such as speech, writing, or symbols.

Sender

The individual or entity initiating a communication process by conveying a message to a receiver.