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    Intermediate Accounting IFRS Study Set 3
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    Exam 13: Current Liabilities, Provisions, and Contingencies
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    Contingent Assets Need Not Be Disclosed in the Financial Statements
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Contingent Assets Need Not Be Disclosed in the Financial Statements

Question 57

Question 57

Multiple Choice

Contingent assets need not be disclosed in the financial statements or the notes thereto if they are considered?


A) Virtually certain.
B) Probable.
C) Likely.
D) Possible but not probable.

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