Multiple Choice
Which statement about contingencies is correct?
A) If the future outcome is remote but reliably measurable,a provision is recorded.
B) If the future outcome is remote,but not reliably measurable,disclosure is required.
C) If the future outcome is remote,but not reliably measurable,no action is required.
D) If the future outcome is remote,but reliably measurable,disclosure is required.
Correct Answer:

Verified
Correct Answer:
Verified
Q33: For a $200,000 trade payable with terms
Q34: For a $100,000 trade payable with terms
Q35: Which is a non-current liability?<br>A)HST payable.<br>B)45 day
Q36: Explain how commitments and guarantees are accounted
Q37: It is early in February 2017 and
Q39: Which statement about sales taxes is correct?<br>A)The
Q40: Which of the following is not correct?<br>A)Financial
Q41: A company,using a perpetual inventory system,sells goods
Q42: On May I,2016,British Columbia Brew Supplies Inc.borrowed
Q43: Which statement about deferred revenue is correct?<br>A)Deferred