Business, 12.09.2019 21:30 coylenoah0

Warren advertising becomes aware of a lawsuit after the end of the fiscal year, but prior to the issuance of financial statements. a loss should be accrued and a liability should be reported if the amount can be reasonably estimated and:
a)the cause for action occurred prior to the end of the fiscal year.
b)the damages would be payable within a year.
c)both a. and b.
d)the contingency should not be accrued.

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