Which of the following contingencies requires financial statement disclousure? A- a lawsuite that the firm's...
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Accounting
Which of the following contingencies requires financial statement disclousure?
A- a lawsuite that the firm's attorneys believe will be dropped B- a lawsuit that the firm's attorneys believe will probably be settled for $ 75,000 C- a reasonably possible loss on a lawsuit that the firm's attorneys cannot estimate the loss D- a reasonably possible loss on a lawsuit that the firm's attorneys will be settled for $ 100,000
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