What is a contingency, and how does it differ from a liability? Under what conditions should a

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What is a contingency, and how does it differ from a liability? Under what conditions should a contingency be reported as if it were a liability?

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Financial Accounting Information For Decisions

ISBN: 978-0324672701

6th Edition

Authors: Robert w Ingram, Thomas L Albright

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Question Posted: Jun 20, 2012 06:24 AM

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What is a contingency, and how does it differ from a liability? Under what conditions should a

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A contingency is an existing condition that may result in an economic effect if a futu...View the full answer

Financial Accounting Information For Decisions

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