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Current Attempt in Progress If management considers a material loss contingency to be probable but an amount cannot be reasonably estimated, the proper accounting treatment
Current Attempt in Progress
If management considers a material loss contingency to be probable but an amount cannot be reasonably estimated, the proper
accounting treatment is:
accrual in the financial statements only.
note disclosure only.
no adjustment or disclosure necessary.
accrual in the financial statements and note disclosure.
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