Which of the following is an example of a contingent liability? An estimated bad debt expense provision

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Which of the following is an example of a contingent liability?

An estimated bad debt expense provision

A pending lawsuit

An estimated warranty liability

All of the above are examples of contingent liabilities

Related Book For answer-question

Cornerstones of Financial and Managerial Accounting

ISBN: 978-1111879044

2nd edition

Authors: Rich, Jeff Jones, Dan Heitger, Maryanne Mowen, Don Hansen

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Posted Date: Jun 29, 2022 12:30 PM

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Which of the following is an example of a contingent liability? An estimated bad debt expense provision

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All of the above examples are examples of contingent liability All of t... View the full answer

Cornerstones of Financial and Managerial Accounting

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