Under what circumstances is a contingent liability disclosed only in the notes to the financial statements? Under

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Under what circumstances is a contingent liability disclosed only in the notes to the financial statements? Under what circumstances is a contingent liability not recorded in the accounts nor disclosed in the notes to the financial statements?

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Accounting Principles

ISBN: 9781118566671

11th Edition

Authors: Jerry Weygandt, Paul Kimmel, Donald Kieso

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Question Posted: Dec 27, 2011 08:08 AM

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Under what circumstances is a contingent liability disclosed only in the notes to the financial statements? Under

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Contingent liability Meaning Contingent liability is nothing but option of a ...View the full answer

Accounting Principles

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