Uncategories Which of the following is an incorrect combination of the “likelihood of occurrence” and financial statement treatment?

Which of the following is an incorrect combination of the “likelihood of occurrence” and financial statement treatment?

Which of the following is an incorrect combination of the “likelihood of occurrence” and financial statement treatment?

a. Remote – no disclosure.
b. Probable (amount is estimable) – financial statements are adjusted.
c. Reasonably possible (amount is estimable) – financial statements are adjusted.
d. Probable (amount is not estimable) – footnote disclosure is required.