Management can estimate the amount of loss that will occur due to litigation against the...
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Accounting
Management can estimate the amount of loss that will occur due to litigation against the company. If the likelihood of loss is remote, a contingent liability should be Multiple Choice Disclosed but not reported as a liability. Neither disclosed nor reported as a liability. Reported as a liability but not disclosed. Disclosed and reported as a liability.
Management can estimate the amount of loss that will occur due to litigation against the company. If the likelihood of loss is remote, a contingent liability should be
Multiple Choice
Disclosed but not reported as a liability.
Neither disclosed nor reported as a liability.
Reported as a liability but not disclosed.
Disclosed and reported as a liability.
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