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Information available prior to the issuance of the financial statements indicates that it is probable that, at the date of the financial statements, a liability

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Information available prior to the issuance of the financial statements indicates that it is probable that, at the date of the financial statements, a liability has been incurred for obligations related to product warranties. The amount of the loss involved can be reasonably estimated. Based on the above facts, an estimated loss contingency should be disclosed but not accrued. classified as an appropriation of retained earnings. accrued. neither accrued nor disclosed

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