Question: Contingent liabilities must be recorded it. O A. The future event is remote. O B. The future event is probable and the amount owed can

Contingent liabilities must be recorded it. O A. The future event is remote. O B. The future event is probable and the amount owed can be reasonably estimated. O c. The future event is reasonably possible. O D. The amount owed cannot be reasonably estimated

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