Question: Gain contingencies Multiple choice question. are recorded when litigation is initiated. are not recorded until all uncertainty is removed. is recorded by the defendant in

Gain contingencies Multiple choice question. are recorded when litigation is initiated. are not recorded until all uncertainty is removed. is recorded by the defendant in a lawsuit. are accrued when the event confirming the obligation is probable and estimable

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8. What are the costs of collecting the information?

6. How great is the time-lag between when an event occurs until we get information about it?