[taalexz]

Having a bit of trouble with an AUD question.

I understand that you are to accrue and disclose if both probable and estimable; however, what if a range of lets say $100K to $200K (probable and estimable) is given. What do you accrue, if any?

Thanks!

[monikernc]

Look at this example. The wording of the question matters.

https://forum.another71.com/far-cpa-exam-prep-test-day-experience/financial-accounting-reporting/topic/contingent-liability-becker-cpa-review-far/

FAR 7/25/15 76!
AUD 10/30/15 93
BEC 2/27/16 82
REG 5/23/16 88!
Ninja Book and MCQ and the forum - all the way!!!
and a little thing i like to call, time and effort!
if you want things to change, you have to do something different

[Author]

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