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If Both Required Conditions of Loss Contingencies Are Not Met,then

Question 14

Multiple Choice

If both required conditions of loss contingencies are not met,then U.S.accounting standards require


A) recording of loss contingencies if the loss is reasonably possible
B) disclosure of loss contingencies if the loss is possible
C) disclosure of loss contingencies if the loss is reasonably possible
D) disclosure of loss contingencies if the loss is probable

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