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03-12-2019
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Rice Corporation's attorney has provided the following summaries of three lawsuits against Rice_______.a.Lawsuit A: The loss is probable, but the loss cannot be reasonably estimated.b.Lawsuit B: The loss is reasonably possible, but the loss cannot be reasonably estimated.c.Lawsuit C: The loss is reasonably possible and can be reasonably estimated.Which of the following statements is correct?

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03-12-2019

Answer:

b.Lawsuit B: The loss is reasonably possible, but the loss cannot be reasonably estimated

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