Contingent liability

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    taalexz
    Participant

    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
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  • #3303844 Reply
    monikernc
    Participant

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

    Contingent Liability “Becker CPA Review FAR”

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