Multiple Choice
Onopea Inc.considered two contingencies at the end of 2016: ** a probable loss in the range of $300,000 to $500,000
** a reasonably possible loss of $150,000
Under IFRS,what is the balance for contingent liabilities at the end of 2016?
A) $300,000
B) $400,000
C) $450,000
D) $550,000
Correct Answer:
Verified
Correct Answer:
Verified
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