A company has a probable 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 IFRS, what amount of loss contingency should be accrued?
A) the maximum amount of the range
B) the midpoint amount of the range
C) the minimum amount of the range
D) zero

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The Answer of A company has a probable 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 IFRS, what amount of loss contingency should be accrued?
A) the maximum amount of the range
B) the midpoint amount of the range
C) the minimum amount of the range
D) zero

A Company Has a Probable Loss That Can Only Be