Business, 30.10.2020 16:50, tinytoonjr9510

Provincial Co. estimates it is probable that it will receive a $10,000 gain contingency and pay a $4,000 loss contingency. After recording the appropriate journal entries to recognize contingent amounts, Provincial Co.'s net assets will: Group of answer choices Decrease by $4,000 Increase by $10,000 Increase by $6,000 Not change

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Provincial Co. estimates it is probable that it will receive a $10,000 gain contingency and pay a $4...