What criteria must be met before a contingency must be recorded as a liability? How should the

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What criteria must be met before a contingency must be recorded as a liability? How should the contingency be disclosed if the criteria are not met? Discuss.
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Financial Accounting Tools for Business Decision Making

ISBN: 978-0470239803

5th Edition

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso

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