1) -------- suggest rules and criteria of accounting measurements.2) A----- is a condition or situation, the ultimate outcome of which, gain or loss, will be known or determined only on the occurrence of one or more uncertain future events. 2) A----- is a condition or situation, the ultimate outcome of which, gain or loss, will be known or determined only on the occurrence of one or more uncertain future events?
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_____ suggest ruales and criterie of accounting measurements
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1. The Financial Accounting Standards Board
2. Contingency
Explanation:
1) The FInancial Accounting Standards Board (FASB) suggest rules and criteria of accounting measurements.
2) A Contingency is a condition or situation, the ultimate outcome of which, gain or loss, will be known or determined only on the occurrence of one or more uncertain future events.
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