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Contingencies Which of the following are included in the definition of a contingency? Existing condition. Ability to identify the recipient before the time of settlement.

Contingencies

Which of the following are included in the definition of a contingency?

Existing condition.
Ability to identify the recipient before the time of settlement.
Resolved when a future event occurs or fails to occur.

a.I, II, and III.

b.I and III only.

c.I and II only.

d.II and III only.

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