Question: LO 9 . 5 Gain contingencies are usually recognized in the income statement when: a . realized. b . occurrence is reasonably possible and the

LO 9.5 Gain contingencies are usually recognized in the income statement when:
a. realized.
b. occurrence is reasonably possible and the amount can be reasonably estimated.
c. occurrence is probable and the amount can be reasonably estimated.
d. the amount can be reasonably estimated.
LO 9 . 5 Gain contingencies are usually

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