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  3. Study Set
    Auditing and Assurance Services Study Set 2
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    Exam 24: Completing the Audit
  5. Question
    Financial Statement Disclosure Is Required If the Likelihood of Occurrence
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Financial Statement Disclosure Is Required If the Likelihood of Occurrence

Question 3

Question 3

True/False

Financial statement disclosure is required if the likelihood of occurrence of an event is probable, reasonably possible, or remote.

Correct Answer:

verifed

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