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Company A is involved in a lawsuit. Footnote disclosure of the contingent liability which could arise does not have to be presented if the probability
Company A is involved in a lawsuit. Footnote disclosure of the contingent liability which could arise does not have to be presented if the probability of the comapny owing money as a result of the lawsuit is:
A. reasonably possible and the amount cannot be reasonably estimated.
B. probable and the amount cannot be reasonably estimated.
C. reasonably possible and the amount can be reasonably estimated.
D. remote and the amount can be reasonably estimated.
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