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Suppose a company has a likely loss that can only be reasonably estimated within a...

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Accounting

Suppose a company has a likely loss that can only be reasonably estimated within a range of outcomes. No single amount within the range is a better estimate than any other amount. Under ASPE, the loss accrual should be

a.

zero.

b.

the maximum of the range.

c.

the mean of the range.

d.

the minimum of the range.

e.

None of the above.

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