A company has two contingent losses and both are considered probable. The

first loss is reasonably estimated at $ 500,000. The second loss is estimated

reasonably it will be between $ 300,000 and $ 700,000. How much will the

company in its statement of income and expenses and in its statement of situation for concept of

these two contingent losses?

to. $ 0. They are only disclosed

b. $ 500,000. The second loss is only disclosed.

c. $ 800,000

d. $ 1,000,000