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1.Identify and describe any contingencies. How are they disclosed? Considering materiality as one component, what do you learn about contingencies from your review of the

1.Identify and describe any contingencies. How are they disclosed?

  1. Considering materiality as one component, what do you learn about contingencies from your review of the notes to the financial statements?

Category:Defining Contingencies

1.What goals might management have regarding the disclosure of contingencies?

2.Identify and explain gain contingencies as they apply to your company.

  1. 3.Identify and explain loss contingencies as they apply to your company

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