No mention of the contingent liability needs to be made in the financial statements, if the probability of payment is _____
a. "remote"
b. "probable"
c. "reasonable possible"
d. "not plausible"
a
FEEDBACK: a. Correct. If the probability of payment is "remote," no mention of the liability needs to be made in the financial statements
b. Incorrect.
c. Incorrect.
d. Incorrect.
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Under the common law an offeror may revoke an offer:
A) At any time. B) After the offeree has rejected the offer. C) After the offeree has accepted the offer. D) Prior to the acceptance of the offer.
Which of the following is an advantage of an international division structure?
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