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Currently, Two Extant Elephant Species (X and Y)are Placed in the Genus

question 35

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Currently, two extant elephant species (X and Y) are placed in the genus Loxodonta, and a third species (Z) is placed in the genus Elephas. Thus, which statement should be true?


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Probable Loss

An estimated loss from a contingent liability that is likely to occur and can be reasonably estimated.

Fair Value Option

An accounting approach allowing companies to choose to measure certain financial assets and liabilities at fair market prices.

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