Determine which of the following transactions represent contingent liabilities for June Leasing and indicate the proper accounting

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Determine which of the following transactions represent contingent liabilities for June Leasing and indicate the proper accounting treatment at the company's fiscal year-end, by placing the letter of the correct accounting treatment in the space provided.

a. Accrue a liability and disclose in the financial statement notes

b. Disclose in the financial statement footnotes only

c. No disclosure

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