23.

If a loss is probable and the amount can be estimated we should which of the following

A.disclose but not report a liability

B.record a liability and disclose

C. do nothing

24. If a loss is reasonably possible and the amount can be estimated we should which of the following

A. disclose but not report a liability

B. disclose and report a liability

C. do nothing

25. if the possibiliity of a gain is probable and the amount is estimatable we should

A.disclose and record a receivable

B.disclose and not record a receivable

C. do nothing