Explain why contingent liabilities do not appear on the balance sheet. Give two examples of a contingent
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Explain why contingent liabilities do not appear on the balance sheet. Give two examples of a contingent liability.
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Contingent liabilities are potential obligations that might or might not become actual liabilities depending on the occurrence of uncertain future eve...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
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