5. A contingent liability should be recorded in the accounts a. if the amount is due in...
Question:
5. A contingent liability should be recorded in the accounts
a. if the amount is due in cash within one year.
b. if the amount can be reasonably estimated.
c. if the related future event will probably occur.
d. Both b and c
e. Both a and c
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Related Book For 
Financial Accounting International Financial Reporting Standards Global Edition
ISBN: 9781292211145
11th Edition
Authors: Charles T. Horngren, C. William Thomas, Wendy M. Tietz, Themin Suwardy, Walter T. Harrison
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