Q:

A contingent liability is considered probable when:

belongs to book: AUDITING & ASSURANCE SERVICES | A Systematic Approach|William F.Messier, Steven M.Glover, Douglas F. Prawitt|10th Edition| Chapter number:17| Question number:17.43

Ibrahimhamm

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2022-07-02

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A contingent liability is considered probable when:

the chance of the future event occurring is more than remote but less than likely
The future event is likely to occur
The chance of the future event occurring is slight
None of the above

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Ibrahimhamm

2022-07-02

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B. The future event is likely to occur

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