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The Financial Accounting Standards Board requires that a contingent liability be recorded when O only if the amount of loss can be estimated and the
The Financial Accounting Standards Board requires that a contingent liability be recorded when O only if the amount of loss can be estimated and the probability of loss is reasonably possible. O it is probable that the company will win the lawsuit. O do not record the contingent liability under any circumstances. O the loss is probable to occur and the amount of the loss can be reasonably estimated. Time Runn Attempt du 1 Hour
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