Solved

The Actual Monetary Amount Which Results from Resolution of the Underlying

Question 23

Multiple Choice

The actual monetary amount which results from resolution of the underlying transaction(s) ,event(s) ,or condition(s) addressed by the accounting estimate is known as ________.


A) estimation uncertainty
B) outcome of an accounting estimate
C) management bias
D) management's point estimate

Correct Answer:

verifed

Verified

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

Related Questions

Q18: CAS 540 refers to management's judgments that

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

Q22: The difference between what was reported and

Q24: CIFiR's (SEC established Advisory Committee on Improvements

Q25: Accounting estimate nirvana is _.<br>A)the width of

Q26: An Accounting Estimate Problem or "Cockburn's problem"

Q27: Under the risk-based reasoning system for accounting

Q28: The risk of misstatement arising from estimation