menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Intermediate Accounting Study Set 4
  4. Exam
    Exam 14: Operating Liabilities and Contingencies
  5. Question
    A Contingency Is Deemed to Be Probable If It Is
Solved

A Contingency Is Deemed to Be Probable If It Is

Question 92

Question 92

True/False

A contingency is deemed to be probable if it is considered to be likely to occur.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q39: Which of the following is not a

Q40: A company has a probable loss that

Q44: If management can only estimate a range

Q49: Distinguish between an interest-bearing note and a

Q62: The defensive interval ratio gauges liquidity based

Q71: Warranties that cover longer time periods are

Q86: What are compensated absences?<br>A) paid time off<br>B)

Q89: Which of the following best describes the

Q93: Onopea Inc.considered two contingencies at the end

Q95: Asset retirement obligations (AROs) are short-term legal

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines