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A loss contingency is reported on the balance sheet when the loss is q , probable and estimable probable regardless of an available loss estimate
A loss contingency is reported on the balance sheet when the loss is
probable and estimable
probable regardless of an available loss estimate
possible and estimable
estimable regardless of how likely the loss is to occur
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Intermediate Accounting Volume 2
Authors: Hanlon, Hodder, Nelson, Roulstone, Dragoo
2nd Edition
1618533134, 9781618533357
