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There is a possibility of a safety hazard for a manufactured product. As yet, no claim has been made for damages, though there is a
There is a possibility of a safety hazard for a manufactured product. As yet, no claim has been made for damages, though there is a reasonable possibility that a claim will be made. If a claim is made, it is probable that damages will be paid and the amount of the loss can be reasonably estimated. This possible loss must be:
Accrued | Disclosed | |
a. | Yes | Yes |
b. | Yes | No |
c. | No | Yes |
d. | No | No |
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