If the probability of a loss contingency is remote, is it necessary for a firm to accrue

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If the probability of a loss contingency is remote, is it necessary for a firm to accrue or disclose it? Explain.

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Intermediate Accounting

ISBN: 978-0132162302

1st edition

Authors: Elizabeth A. Gordon, Jana S. Raedy, Alexander J. Sannella

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Question Posted: Nov 24, 2015 05:08 AM

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If the probability of a loss contingency is remote, is it necessary for a firm to accrue

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Intermediate Accounting

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