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According to the U

Question 3

Multiple Choice

According to the U.S.accounting standards,estimated losses from loss contingencies should be recorded (by a charge to income and liabilities) if two conditions are met


A) the loss must be probable
B) the loss must be possible
C) the amount of the loss can be reasonably documented
D) the amount of the loss can be reasonably estimated
E) the amount of the loss can be accurately estimated
F) both A and B
G) both A and D
H) both C and E

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