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Contingent liabilities that are reasonably estimable and have a remote chance of occurring are _____. a. reported as a long-term liability on the balance sheet

Contingent liabilities that are reasonably estimable and have a remote chance of occurring are _____.

a. reported as a long-term liability on the balance sheet

b. disclosed in the notes to the financial statements

c. reported as a current liability on the balance sheet

d. neither reported nor disclosed in the financial statements

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