Distinguish between a legal and a non-legal (accounting) liability. Give an example of each.

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Intermediate Accounting

ISBN: 978-0324300987

10th Edition

Authors: Loren A Nikolai, D. Bazley and Jefferson P. Jones

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Question Posted: Mar 12, 2012 03:49 AM

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Distinguish between a legal and a non-legal (accounting) liability. Give an example of each.

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A legal liability is a liability legally requiring paymen...View the full answer

Intermediate Accounting

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