Which of the following is NOT an acceptable method of reporting contingent liabilities on the...
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Accounting
Which of the following is NOT an acceptable method of reporting contingent liabilities on the Balance Sheet? 0 A. If it is reasonably possible that they will occur, disclose the existence and circumstances of the liabilities in the footnotes. B. Report the liabilities in the current or long-term liability section if they are reasonably possible. C. Do not report if they are very unlikely to occur 0 D. Disclose the liabilities in the footnotes if they are probable, but the amount cannot be reasonably estimated
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