Final answer:
The FASB's categories for contingent losses, based on probability of outcomes, include Probable, Reasonably possible, and Remote. 'Guaranteed' is not one of these categories.
Step-by-step explanation:
The Financial Accounting Standards Board (FASB) outlines several categories that reflect the contingent nature of losses based on their probability. Among the options given, the category that does not reflect the contingent nature of losses as guided by the FASB's criteria based on probability outcomes is a. Guaranteed.
The recognized categories used by the FASB include Probable, Reasonably possible, and Remote. These categories are designed to gauge the likelihood of a future event occurring, which in turn affects how these events are reported in financial statements.
The category that does not reflect the contingent nature of losses and the guiding criteria organized around probability of outcomes as provided by the FASB is a. Guaranteed.
This is because the term 'guaranteed' implies a certainty of outcome, whereas the FASB framework considers the probability of outcomes. The other categories, b. Reasonably possible, c. Remote, and d. Probable, all reflect varying levels of probability.
Therefore, the correct answer is a. Guaranteed.