Question: BA's note 37 lists contingent liabilities. Explain how the use of that term differs between IFRS and U.S. GAAP.

BA's note 37 lists contingent liabilities. Explain how the use of that term differs between IFRS and U.S. GAAP.

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IF RS and U S GA AP use the term cont ing ent liabilities to refer to potential liabilities that may ... View full answer

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