Which of the following contingencies need not be disclosed in the financial statements or the related notes?
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 related notes, regardless of their degree of probability or ability to estimate the amount. Disclosure must be made to provide users with information to assess the likelihood of future losses and liabilities that may affect the company's financial position and operations.

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