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If a loss contingency is reasonably possible or the amount cannot be reasonably estimated, _______. A disclosure should occur in both the financial statements and
If a loss contingency is reasonably possible or the amount cannot be reasonably estimated, _______.
A disclosure should occur in both the financial statements and the notes to the financial statements
B disclosure should occur in the financial statements only
C then no disclosure is required only
D a disclosure in the notes is required
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