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When is the earliest a contingent loss could be accrued

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Reference no: EM132765772

Problem 1: When is the earliest a contingent loss could be accrued?

Select one:

a. When the amount is estimable and occurrence is probable

b. When the liability is fixed in amount and the company has a legal obligation

c. When the occurrence is reasonably possible

d. When an offsetting contingent gain can also be accruedc

Reference no: EM132765772

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