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Oksi-84 [34.3K]
3 years ago
11

A decrease in the fair value of a security that has not yet been realized through an actual sale of the security is called a(n):

Social Studies
1 answer:
Rina8888 [55]3 years ago
7 0

Answer:

Contingent loss

Explanation:

A loss that could potentially occur depending on if an event happens or not. For example potential law suit, product warranties, etc. The loss and liability is recorded with a journal entry only when the loss is expected and the amount can be roughly calculated.

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