A petition and an order of the court serve the same purpose

The trade-off theory of capital structure recognizes the tax-shield benefit of debt financing, but also recognizes that the benefit is offset by costs associated with debt financing

Indicate whether this statement is true or false.

Which of the following are categories that do not reflect the contingent nature of losses and the guiding criteria organized around probability of outcomes as provided by the FASB?

a. Guaranteed. b. Reasonably possible. c. Remote. d. Probable.