What factors must a company consider in estimating the amount to recognize for a probable contingent liability?

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Intermediate Accounting

ISBN: 978-0324592375

17th Edition

Authors: James D. Stice, Earl K. Stice, Fred Skousen

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Question Posted: Jan 28, 2012 06:20 AM

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What factors must a company consider in estimating the amount to recognize for a probable contingent liability?

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Under US GAAP the company should choose the amount within the potential payout range that is the be...View the full answer

Intermediate Accounting

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