[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!

Alex

[monikernc]

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

Contingent Liability “Becker CPA Review FAR”

AUD - 93
BEC - 82
FAR - 76
REG - 88

How have you been?
Ninja book and MCQs and the forum, all first try! 2016
Licensed State of Montana April Fool’s Day 2020
State of Colorado June 2020 - AICPA Ethics 93
Experience was the worst part of the journey for me. You?
If you want things to change you have to do something different.

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]

Replies