Question: If a contingency is highly probable and reasonably estimated, it is: a) disclosed if it is a gain and recorded if it is a

If a contingency is highly probable and reasonably estimated, it is: a)

If a contingency is highly probable and reasonably estimated, it is: a) disclosed if it is a gain and recorded if it is a loss. b) disclosed only, whether it is a gain or a loss. c) recorded regardless of whether it is a gain or a loss, d) recorded if it is a gain and disclosed if it is a loss.

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