What is a contingent liability? What three conditions must be met for a contingent liability to exist?

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Principles of Auditing An Introduction to International Standards on Auditing

ISBN: 978-0273768173

3rd edition

Authors: Rick Hayes, Philip Wallage, Hans Gortemaker

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Question Posted: May 23, 2018 05:22 AM

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What is a contingent liability? What three conditions must be met for a contingent liability to exist?

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Contingent liability is a potential future obligation to a...View the full answer

Principles of Auditing An Introduction to International Standards on Auditing

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