Question: - Describe a contingent liability that would require a journal entry in the company's books. Provide one example. - Describe a contingent liability that would

- Describe a contingent liability that would require a journal entry

- Describe a contingent liability that would require a journal entry in the company's books. Provide one example. - Describe a contingent liability that would require a disclosure in the financial statements. Provide one example. - Describe a contingent liability that would not require a disclosure or a journal entry. Provide one example

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