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A contingent loss should be reported in a disclosure note to the financial statements rather than being accrued if the: Multiple Choice incurrence of a
A contingent loss should be reported in a disclosure note to the financial statements rather than being accrued if the:
Multiple Choice
incurrence of a loss is more likely than not.
incurrence of a loss is reasonably possible.
likelihood of a loss is remote.
likelihood of a loss is probable.
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Intermediate Accounting
Authors: kieso, weygandt and warfield.
14th Edition
9780470587232, 470587288, 470587237, 978-0470587287
