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

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

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