Business, 12.08.2021 22:50 Lilbossman2203
A loss contingency can be accrued when:
A. it is probable that a liability has been incurred even though the amount of the loss cannot be reasonably estimated.
B. an asset may have been impaired.
C. the amount of the loss can be reasonably estimated and it is probable that a liability has been incurred.
D. it is certain that funds are available to settle the disputed amount.
Answers: 1
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A loss contingency can be accrued when:
A. it is probable that a liability has been incurred even t...
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