Question: A contingency that is reported in the notes to the financial statements is best exemplified by estimated loss from an ongoing lawsuit. loss from a

A contingency that is reported in the notes to the financial statements is best exemplified by
estimated loss from an ongoing lawsuit.
loss from a lawsuit settled out of court prior to the end of the fiscal year.
warranty claims on future sales.
losses from potential future lawsuits.
A contingency that is reported in the notes to the financial

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