Question: Accounting: type question:, Contingent liability' is a liability A . Which does not exist in present, but will arise in future B . Which will

Accounting: type question:,
Contingent liability' is a liability
A. Which does not exist in present, but will arise in future
B. Which will be paid by another person
C. Which existence or non-existence depends on happening of a certain event
D. Which is not paid in previous years

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