Indicate whether each of the following related to an airline company relates to (a) Contingency (b) Commitment:

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Indicate whether each of the following related to an airline company relates to
(a) Contingency
(b) Commitment:
1. The company has agreed to purchase 10 new airplanes over the next three years.
2. The company has a lawsuit pending against it.

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Principles of Accounting

ISBN: 978-1133626985

12th edition

Authors: Belverd E. Needles, Marian Powers and Susan V. Crosson

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Question Posted: Mar 26, 2014 08:58 AM

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Indicate whether each of the following related to an airline company relates to (a) Contingency (b) Commitment:

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Principles of Accounting

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