Question 16 (5 points) Orange Co. can estimate the amount of loss that will occur if a foreign government expropriates some of the company's assets in that country. If expropriation is reasonably possible, a loss contingency should be O 1) disclosed and accrued as a liability. \\ 2) accrued as a liability but not disclosed. fook \\_/ 3) neither accrued as a liability nor disclosed. ft roan O 4) disclosed but not accrued as a liability