Question: In assessing the risk of investing in a company stock

In assessing the risk of investing in a company, stock analysts are often very concerned that there may be potential liabilities that do not appear on the company’s statement of financial position.
Required:
a. Discuss the major types of potential liabilities that do not appear on the statement of financial position.
b. Describe the information about these potential liabilities that may be included in the notes to the financial statements.

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  • CreatedJune 12, 2015
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