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  3. Study Set
    Intermediate Accounting Study Set 7
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    Exam 13: Operating Liabilities and Contingencies
  5. Question
    Whenever the Probability of Occurrence of a Gain Contingency Is
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Whenever the Probability of Occurrence of a Gain Contingency Is

Question 12

Question 12

True/False

Whenever the probability of occurrence of a gain contingency is more likely than not, companies typically disclose that contingency in the footnotes.

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