What is a contingent liability? Give an example of a contingent liability that is usually recorded in

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What is a contingent liability? Give an example of a contingent liability that is usually recorded in the accounts.

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Accounting Principles

ISBN: 9781118566671

11th Edition

Authors: Jerry Weygandt, Paul Kimmel, Donald Kieso

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Question Posted: Sep 13, 2011 08:35 AM

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What is a contingent liability? Give an example of a contingent liability that is usually recorded in

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A contingent liability is a potential liability that may become an actu...View the full answer

Accounting Principles

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