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Which of the following is/are true about loss contingencies? (Select all that apply.) Multiple select question. They are similar to estimated liabilities. They are never

Which of the following is/are true about loss contingencies? (Select all that apply.) Multiple select question. They are similar to estimated liabilities. They are never recorded and entered into the financial statements. They are never disclosed in notes to the financial statements. They require professional judgment to determine the appropriate accounting treatment

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