Question: 61 Question 9 Contingent liabilities should be recorded with a journal entry and appear directly in the financial statements when O the likelihood is probable

61 Question 9 Contingent liabilities should be recorded with a journal entry and appear directly in the financial statements when O the likelihood is probable and a reasonable estimate of the amount can be made the likelihood is reasonably possible and a reasonable estimate of the amount can be made the likelihood is probable and a reasonable estimate of the amount cannot be made 0.5 pts the likelihood is remote and a reasonable estimate of the amount can be made

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