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Recording Various Contingencies a. Accrue the contingency in the financial statements. b. Disclose the contingency in the notes accompanying the financial statements. c. Do not

Recording Various Contingencies a. Accrue the contingency in the financial statements. b. Disclose the contingency in the notes accompanying the financial statements. c. Do not accrue or disclose the contingency. d. Either a or b. e. Either b or c

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