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    Business
  3. Study Set
    Auditing A Business Risk Approach
  4. Exam
    Exam 15: Ensuring Audit Quality in Completing the Audit
  5. Question
    ASC 450 (Previously SFAS No
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ASC 450 (Previously SFAS No

Question 68

Question 68

True/False

ASC 450 (previously SFAS No.5,"Accounting for Contingencies")requires the accrual and disclosure of remote contingent losses that can be reasonably estimated.

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