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On december 20, year 6, an uninsured property damage loss was caused by a company car being driven on company business by a company sales agent. the company did not become aware of the loss until january 25, year 7, but the amount of the loss was reasonably estimable before the financial statements were issued. the company’s december 31, year 6, financial statements should report an estimated loss
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On december 20, year 6, an uninsured property damage loss was caused by a company car being driven o...
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