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Question 19 (4 points) A contingent liability should be disclosed in a note to the financial statements rather than being recorded if: The likelihood of

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Question 19 (4 points) A contingent liability should be disclosed in a note to the financial statements rather than being recorded if: The likelihood of a loss is probable. The likelihood of a loss is eighty percent. The likelihood of a loss is reasonably possible. The likelihood of a loss is remote

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