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    Intermediate Accounting Study Set 9
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    Exam 13: Current Liabilities and Contingencies
  5. Question
    IFRS Allows for Reduced Disclosure of Contingent Liabilities If the Disclosure
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IFRS Allows for Reduced Disclosure of Contingent Liabilities If the Disclosure

Question 144

Question 144

True/False

IFRS allows for reduced disclosure of contingent liabilities if the disclosure could increase the company`s chance of losing a lawsuit.

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