menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Auditing
  4. Exam
    Exam 19: Part I the Audit of Accounting Estimates: Basic Material Relating to Accountingestimates
  5. Question
    A(n) ________ Is an Existing Condition, or Situation, Involving Uncertainty
Solved

A(n) ________ Is an Existing Condition, or Situation, Involving Uncertainty

Question 33

Question 33

Multiple Choice

A(n) ________ is an existing condition, or situation, involving uncertainty as to possible gain or loss to an enterprise that will ultimately be resolved when one or more future events occur or fail to occur.


A) going concern
B) estimate
C) management bias
D) contingency

Correct Answer:

verifed

Verified

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

Related Questions

Q7: Auditors are susceptible to judgmental biases because

Q11: What are the key concepts and related

Q19: Accounting risk (AccR)is largely geared to reflect

Q20: According to Cockburn,which of the following statements

Q21: The tendency to exaggerate the inevitability of

Q31: Which of the following statements regarding the

Q39: Calibration is achieved through repetition and feedback,which

Q42: The tendency to exaggerate the inevitability of

Q46: Accounting estimate nirvana occurs when the width

Q47: Under Canadian audit standard CAS 706,the auditor

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