Question: Contingent liabilities must be recorded if: Multiple Choice The future event is probable but not estimable. The future event is reasonably possible but not

Contingent liabilities must be recorded if: Multiple Choice The future event is

Contingent liabilities must be recorded if: Multiple Choice The future event is probable but not estimable. The future event is reasonably possible but not estimable. The future event is probable and the amount owed can be reasonably estimated. The amount owed cannot be reasonably estimated. The future event is remote.

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