Define (a) A contingency (b) A contingent liability.

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Define

(a) A contingency

(b) A contingent liability.

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Intermediate Accounting

ISBN: 978-0470423684

13th Edition

Authors: Donald E. Kieso, Jerry J. Weygandt, And Terry D. Warfield

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Question Posted: Feb 17, 2011 06:01 AM

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Define (a) A contingency (b) A contingent liability.

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a A contingency is defined in FASB Statement No 5 as an existing condition ...View the full answer

Intermediate Accounting

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