Explain the difference between a liability and a contingent liability.
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Explain the difference between a liability and a contingent liability.
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Both liabilities and contingent liabilities are terms used in accounting and finance to describe obligations a company might have but they differ in t...View the full answer
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Related Book For
Financial Accounting An Integrated Approach
ISBN: 9780170411028
7th Edition
Authors: Ken Trotman, Elizabeth Carson
Question Posted:
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