Why would something be considered to be a contingent asset rather than an asset?

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Financial Accounting

ISBN: 9781743767382

9th Edition

Authors: Craig Deegan

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Question Posted: Sep 03, 2023 06:40 AM

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Why would something be considered to be a contingent asset rather than an asset?

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A contingent asset is defined in AASB 137 as A possible asset that arises from past events and whose ...View the full answer

Financial Accounting

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