26.7k views
5 votes
Denver Co. 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. The loss accrual should be

User GTG
by
5.0k points

1 Answer

4 votes

Answer: the minimum of the range

Explanation:

From the question, we are informed that Denver Corporation has a probable loss that can only be reasonably estimated within a range of outcomes and that no single amount that is within the range is a better estimate than any other amount.

Based on the information that has been given in the question,the loss accrual should be the minimum of the range.

User KML
by
5.0k points