Question: TB MC Qu . 1 3 - 7 1 ( Static ) Gain contingencies usually are recognized... Gain contingencies usually are recognized in a company's

TB MC Qu.13-71(Static) Gain contingencies usually are recognized...
Gain contingencies usually are recognized in a company's income statement when:
Multiple Choice
The gain is probable and the amount can be reasonably estimated.
The amount can be reasonably estimated.
The gain is reasonably possible and the amount can be reasonable estimated.
Realized.

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