What is a contingent liability? Under what circumstances are a loss and a liability related to a

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What is a contingent liability? Under what circumstances are a loss and a liability related to a contingency reported in the financial statements? When is footnote disclosure of a contingent liability considered sufficient?

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Financial Accounting A Decision Making Approach

ISBN: 9780471328230

2nd Edition

Authors: Thomas E. King, Valdean C. Lembke, John H. Smith

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