Question:What value should a contingency be booked at? 

A Not be booked until it occurs, and then booked using the actual value 
B At the actual amount, and retroactively 
C Using the best estimate and then adding 10% 
D Using the most likely estimated amount, factoring in conservatism 

+ Answer
C 

+ Explanation
Answer not sure

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Md. Habib Ullah

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