Gain contingency –> a gain will incur if certain future events occur or not occur Recognition of a gain contingency –> a gain contingency is
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Loss contingency –> a loss will incur if certain future events occur or not occur Recognition of a loss contingency 1. Recognized in the financial
Contingencies 1. Gain contingency –> a gain will incur if certain future events occur or not occur 2. Loss contingency –> a loss will incur