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Distinguish between contingent liabilities and commitments and explain why both are important in an audit.
Distinguish between contingent liabilities and commitments and explain why both are important in an audit.
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Contingent liability is basically a potential future obligation to an external party for an unknown ...
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Intermediate Accounting
Authors: James D. Stice, Earl K. Stice, Fred Skousen
17th Edition
032459237X, 978-0324592375
