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2. If management can estimate the amount of loss that will occur due to litigation against the company, and the likelihood of the loss
2. If management can estimate the amount of loss that will occur due to litigation against the company, and the likelihood of the loss is remote, a contingent liability should be A. Disclosed, but not reported as a liability. B. Disclosed and reported as a liability. C. Neither disclosed nor reported as a liability. D. Reported as a liability, but not disclosed.
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