Quiz 13.74 – Paul Company

Intermediate Accounting

Spiceland, Nelson, and Thomas

10th Edition

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What is the required action for a reasonably estimable contingency, such as a product recall due to a material defect discovered after the fiscal year-end, that has not yet been reported in the financial statements?

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  • Search Terms: b) c) d) a accrue action after an and apparently been company contingency contingency. defect disclose discovered do due end ended estimable explain financial fiscal for have in is: a) issued. issues it its just liability liability. long-term material not note nothing of paul preexisting product reasonably recall relative required statements statements. the this to year year. yet
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