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  3. Study Set
    Intermediate Accounting Study Set 12
  4. Exam
    Exam 1: Non-Financial and Current Liabilities
  5. Question
    Which of the Following May NOT Be Accrued as a Contingent
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Which of the Following May NOT Be Accrued as a Contingent

Question 13

Question 13

Multiple Choice

Which of the following may NOT be accrued as a contingent liability?


A) threat of expropriation of assets
B) pending or threatened litigation
C) guarantees of indebtedness of other
D) potential income tax refunds

Correct Answer:

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