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    Financial Accounting Study Set 30
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    Exam 9: Long-Lived Tangible and Intangible Assets
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    Contingencies Are Disclosed in a Note If It Is Probable
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Contingencies Are Disclosed in a Note If It Is Probable

Question 37

Question 37

True/False

Contingencies are disclosed in a note if it is probable that cash of other assets will be required to settle the obligation, or if the amount of the obligation cannot be measured with sufficient reliability.

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