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Contingent liabilities must be recorded if: A. The future event is probable and the amount owed can be reasonably estimated. B. The future event is remote. C. The future event is reasonably

Contingent liabilities must be recorded if:

A. The future event is probable and the amount owed can be reasonably estimated.

B. The future event is remote.

C. The future event is reasonably possible but not estimable.

D. The amount owed cannot be reasonably estimated.

E. The future event is probable but not estimable.    

May 17 2021 View more View Less

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