Question: How to solve When should a contingent liability be recorded as a liability on the face of the financial statements? None of the above. When

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When should a contingent liability be recorded as a liability on the face of the financial statements?
None of the above.
When the future event is probable and can be reasonably estimated.
When the future event is remote.
All of the above.
When the future event is reasonably possible and can be reasonably estimated.
How to solve When should a contingent liability

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