Contingencies requires financial statement disclousure

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Reference no: EM131208688

Which of the following contingencies requires financial statement disclousure?

A- a lawsuite that the firm's attorneys believe will be dropped

B- a lawsuit that the firm's attorneys believe will probably be settled for $ 75,000

C- a reasonably possible loss on a lawsuit that the firm's attorneys cannot estimate the loss

D- a reasonably possible loss on a lawsuit that the firm's attorneys will be settled for $ 100,000.

Reference no: EM131208688

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