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When is a contingent liability recorded? a. When the amount can be reasonably estimated. b. When the future events are probable to occur and the

When is a contingent liability recorded?

a. When the amount can be reasonably estimated.

b. When the future events are probable to occur and the amount can be reasonably estimated.

c. When the future events are probable to occur.

d. When the future events will possibly occur and the amount can be reasonably estimated.

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