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A liability arising from a loss contingency should be recorded if the ...

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Accounting

A liability arising from a loss contingency should be recorded if the
A. Contingent future events have a reasonably possible chance of occurring.
B. Contingent future events have a reasonably possible chance of occurring and the amount of the loss can be reasonably estimated.
C. Contingent future events will probably occur and the amount of the loss can be reasonably estimated.
D. Amount of the loss can be reasonably estimated.

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