Contingent liabilities are ________ under GAAP, and ________ under IFRS I. Recorded if probable
II. Recorded if possible
III. Recorded if reasonably estimated
A)GAAP I and II; IFRS I or II
B)GAAP I or III; IFRS I and II
C)GAAP I; IFRS I and III
D)GAAP I and III; IFRS I

Question

Quizplus · Accepted Answer

The Answer is D

Contingent Liabilities Are ________ Under GAAP, and ________ Under IFRS

Contingent Liabilities Are Under GAAP, and Under IFRS