Disclosure usually is not required for a contingent gains, Ask an Expert

Accounting

Disclosure usually is not required for:

A) contingent gains that are probable and can be reasonably estimated.

B) contingent losses that are reasonable possible and cannot be reasonably estimated.

C) contingent gains that are reasonably possible and cannot be reasonably estimated.

D) contingent losses that are remote and can be reasonably estimated

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9434168

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