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    Intermediate Accounting Study Set 2
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    Exam 13: Current Liabilities and Contingencies
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    An Asset for a Gain Contingency Should Not Be Accrued
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An Asset for a Gain Contingency Should Not Be Accrued

Question 28

Question 28

True/False

An asset for a gain contingency should not be accrued unless it is probable that the gain contingency will be realized.

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