If the likelihood of an obligation is remote: Select one: O A. no action is...
50.1K
Verified Solution
Link Copied!
Question
Accounting
If the likelihood of an obligation is remote: Select one: O A. no action is necessary in the accounting treatment. O B. the obligation with the estimated dollars is recorded and put into the fo O C. the disclosure with explanation is put into the financial statement foot O D. the obligation with the estimated dollars is recorded on the Balance
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!