47.The only time a contingent liability need not be recorded or disclosed in the footnotes to the financial statements is when it is: I 48.if ABC company sells on net 30 credit terms, and its current days sales in accounts receivable is 46 days, which of the following statements is true? 49.When a corporation repurchases or buys back its own stock it is referred to as 50.The chapter of a corporation provides for the authorization of 200,000 shares of common stock to be issued. Assume that 80,000 shares were originally issued and 30,000 were subsequently repurchased as treasury stock. What is the number of shares outstanding