Question

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

Answer 1

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.