Under US GAAP, a contingent liability should

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Under US GAAP, a contingent liability should

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admin 6 months 2023-04-07T05:49:11+00:00 1 Answer 0 views Teacher 0

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    2023-04-07T05:49:11+00:00

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    -be reported on the balance sheet if the loss will probably occur and can be reasonably estimated -not be reported if the loss is remote and unable to be estimated -be in the notes to the financial statements if the loss may possibly occur and can be reasonably estimated

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