Third, there are losses that are recognized in the current period. These may recognize a reasonably possible
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Third, there are losses that are recognized in the current period.
These may recognize a reasonably possible decrease in a(n) [asset /
liability] because of fire, theft, or other reasons. Or, they may recognize a reasonably possible increase in a(n) [asset / liability] arising from events occurring in the period, such as a lawsuit.
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