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Contingent liabilities are recorded when the probability of gain is: Reasonably Likely More than one answer is correct Probable Remote No answer is correct Contingent

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Contingent liabilities are recorded when the probability of gain is: Reasonably Likely More than one answer is correct Probable Remote No answer is correct Contingent liabilities are disclosed when the probability of loss is: Reasonably Likely More than one answer is correct No answer is correct Probable Remote

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