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Elementary,Middle School,High School,College,University,PHD
| Teaching Since: | May 2017 |
| Last Sign in: | 401 Weeks Ago, 5 Days Ago |
| Questions Answered: | 66690 |
| Tutorials Posted: | 66688 |
MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
There are situations wherein a company faces a potential liability, but is not certain of all of the details associated with such potential liabilities. What type of liabilities are these called? Discuss the guidelines for handling these types of liabilities. Do you agree with how these are handled? If yes, then why? If not, then what would you recommend FASB do differently? Should potential gains be treated identically to potential liabilities, why or why not? Provide specific details to support your opinion in your response.
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