CPA Audit Exam. "Best Bet" Audit Simulations. By Darius Clark

[@shanthigollam1349]

Perfect Last minute revision Video

[@stupify3300]

Thanks for the videos Darius!
Your "quia" explanations are very helpful!
I believe the answer is 0
since it is only reasonably possible that Aaron will win, then only a footnote disclosure of the $220,000 is required.

[@DariusClarki75]

Yes, Stu you are correct. Since it does not rise to the level of probable, only a footnote disclosure is required.

[@shivanishah7701]

$ 220000.

[@hassabsiddig6663]

220

[@azharshaikh5336]

Wld disclose $220 and Accrue 0. Will accure only when the loss is probable and estimable.

[@pacificreef6391]

0, Footnote Disclosure only.

[@aneicecampbell5172]

$0 reasonable possible

[@waxjohn5603]

Great value 👍

[@DariusClarki75]

Thank you John!

[@Karuto-tn5dc]

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