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