Monday, August 31, 2015

Contingencies

Loss Contingencies
  • Remote
    • Do NOT disclose
    • Do NOT accrue 
  • Reasonably Possible 
    • Do disclose
    • Do NOT accrue
  • Probable
    • NOT Estimable:
      • Do disclose
      • Do NOT accrue 
    • Estimable:
      • Do disclose
      • Do accrue 

 Gain Contingencies

DO NOT ACCRUE until realized (occurred)


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