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Under ASPE, only _ contingent losses are recognized. O likely O probable O more likely than not O unlikely facheque correctly written and paid by

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Under ASPE, only _ contingent losses are recognized. O likely O probable O more likely than not O unlikely facheque correctly written and paid by the bank for $526 is incorrectly recorded on the company's books for $562 appropriate treatment on the bank reconciliation would be to O add $36 to the book's balance. deduct $526 from the book's balance. O add $36 to the bank's balance. O deduct $36 from the bank's balance

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