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Finance
?
Which of the following items would not be identified if a contingent liability were disclosed in a financial statement footnote?
The nature of the item
The expected outcome of the future event
A numerical probability of the expected loss
The amount of the contingency, if known
Show Result
Correct
- Your answer is correct.
Wrong
- Your answer is wrong.
Detailed Answer
Correct answer: (C)
A numerical probability of the expected loss
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