However as of december 31 2010 the exact amount of the, Ask an Expert

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Existing claims related to product warranties and litigation as of December 31, 2010, indicate that it is probable that a liability has been incurred. However, as of December 31, 2010, the exact amount of the obligation cannot be reasonably estimated, but a range of possible amounts has been determined. Based on these facts, an estimated loss contingency should be ??

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Accounting Basics, Accounting

Category:- Accounting Basics
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