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Done Corp. is a defendant in a lawsuit.?

Done’s attorneys believe it is reasonably possible that the suit will require Done to pay a substantial amount. What is the proper financial statement treatment for this contingency?

A. Accrued and disclosed.B. Accrued but NOT disclosed.C. Disclosed but NOT accrued.D. No disclosure or accrual.

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Question ajoutée par Michael Lagunday , Accounts Assistant , Invest Group Overseas LLC
Date de publication: 2015/08/13
Shivam Jaiswal
par Shivam Jaiswal , Assistant Manager , ISS HARDWARE PVT. LTD.

D.No disclosure or accrual