Which of the following is an example of a contingent liability? An estimated bad debt expense provision
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Question:
Which of the following is an example of a contingent liability?
An estimated bad debt expense provision
A pending lawsuit
An estimated warranty liability
All of the above are examples of contingent liabilities
Related Book For
Cornerstones of Financial and Managerial Accounting
ISBN: 978-1111879044
2nd edition
Authors: Rich, Jeff Jones, Dan Heitger, Maryanne Mowen, Don Hansen
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