Which of the following contingencies need not be disclosed in the financial statements or the notes thereto?
A)Probable losses not reasonably estimable
B)Environmental liabilities that cannot be reasonably estimated
C)Guarantees of indebtedness of others
D)All of these must be disclosed.

Question

Quizplus · Accepted Answer

All of these contingencies must be disclosed in the financial statements or the notes thereto, as they involve potential liabilities or obligations that could impact the financial position of the entity.

Which of the Following Contingencies Need Not Be Disclosed in the Financial