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A contingent liability must be accrued as a liability when the loss is: A) Probable B) Reasonably possible C) Remote D) Not reasonably estimable
A contingent liability must be accrued as a liability when the loss is:
A) Probable
B) Reasonably possible
C) Remote
D) Not reasonably estimable
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Principles Of Auditing
Authors: O. Ray Whittington, Kurt Pany, Walter B. Meigs
12th Edition
0256167796, 978-0256167795
