Reminder to students: Include the source reference for each response (such as statement and paragraph

number). Please do not cite from a standards Summary page if the same information can be found in the

standards requirements. If citing from a guide book, remember to cite your source in accordance with the

guidelines presented in this chapter.

10. Identify the pre-Codification standard that cross-references to ASC 450-20-25-1 (Loss Contingencies). Next, go

to par. 59 of that pre-Codification standard. What was the Board intending to prevent by requiring that losses be

reasonably estimable?