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Red Co . can estimate the amount of loss that will occur if a foreign government expropriates some of the company's assets in that country.

Red Co. can estimate the amount of loss that will occur if a foreign government expropriates some of the company's assets in that country. If expropriation is probable, a loss contingency should be A. disclosed and accrued as a liability, B. neither accrued as a liability nor disclosed, C. disclosed but not accrued as a liability, or D. accrued as a liability but not disclosed.

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