Contingent liabilities abound in the real world. Life and health insurance companies and their stockholders wonder how

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Contingent liabilities abound in the real world. Life and health insurance companies and their stockholders wonder how big the cost of diabetes, Alzheimer’s, and AIDS really are and what damage they might do in the future.

Why do you think most companies disclose but do not record contingent liabilities?

Related Book For answer-question

Microeconomics Theory and Applications with Calculus

ISBN: 978-0133019933

3rd edition

Authors: Jeffrey M. Perloff

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Posted Date: Aug 30, 2022 03:01 AM

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Contingent liabilities abound in the real world. Life and health insurance companies and their stockholders wonder how

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Expert Answer:

Liabilities which are depending on the happening of future course of action and events are called co... View the full answer

Microeconomics Theory and Applications with Calculus

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