Which is NOT an example of a type of event that is not currently recognized in the financial statements but could impact future cash flows?   A.   litigations against the company   B.   services that were billed to a customer on account but payment has not been received   C.   a contract to deliver goods   D.   existing contract to preform services

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Which is NOT an example of a type of event that is not currently recognized in the financial statements but could impact future cash flows?

 

A.

 

litigations against the company

 

B.

 

services that were billed to a customer on account but payment has not been received

 

C.

 

a contract to deliver goods

 

D.

 

existing contract to preform services

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