Martinez Co. has a loss contingency to accrue. The loss amount 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 amount of loss accrual should be

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According to accounting principles, when a loss contingency exists and no amount within the range is more likely than any other, the company should accrue the minimum amount in the range. This approach is conservative and ensures that at least some of the potential loss is recognized in the financial statements.