Under ASPE, a liability for a contingent loss is recorded if both of the following conditions are met chance of occurrence is high and amount cannot be estimated. amount is reasonably estimated and the chance of occurrence is low. chance of occurrence is low and amount is determinable. chance of occurrence is high and amount can be reasonably estimated.

Under ASPE, a liability for a contingent loss is recorded if both of the following conditions are met chance of occurrence is high and amount cannot be estimated. amount is reasonably estimated and the chance of occurrence is low. chance of occurrence is low and amount is determinable. chance of occurrence is high and amount can be reasonably estimated