9-12

is it revenue? Why or why not? on is 1- 9. What is a contingent 10. List the three categories of 11. Are contingent liabilities pe liability? contingent liabilities. recorded on a company's ity? 19. books? Exnlain 12. What is ths sifference in accounting procedures for a liability that is probable and estimable and one that is reasonably possible but20. not estimable? note n- sed 13. What type of liabilities 21. way in are not recorded on a company's books