Question: Tiger Rags is evaluating as financial statement disclosures relating to gain contingencies When should Tiger Rags recognize the gain on the contingency? A. When realized

Tiger Rags is evaluating as financial statement disclosures relating to gain contingencies When should Tiger Rags recognize the gain on the contingency?

A. When realized

B. When clearly defined

C. When reasonably possible and the amount can be estimated.

D. When probable and the amount can be estimated

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