Bonds
Bonds
Bonds
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Accounting for contingencies under US-GAAP<br />
Event<br />
Contingent Loss<br />
Contingent Gain<br />
Probability of<br />
Occurence High Reasonable Remote High Reasonable Remote<br />
Is it estimable?<br />
Yes No<br />
Accounting<br />
Treatment Accrue Disclose Disclose Ignore Disclose Ignore Ignore<br />
Source: Pratt, p. 432.<br />
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