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All of the following industries typically have unearned revenue except: Magazine subscriptions Insurance providers Cereal manufacturers Airline companies A contingent liability is recorded on the

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All of the following industries typically have unearned revenue except: Magazine subscriptions Insurance providers Cereal manufacturers Airline companies A contingent liability is recorded on the books and records when: It is probable but not reasonably estimated It is probable and reasonably estimated It is possible and reasonably estimated Contingent liabilities are never recorded, only disclosed in the notes

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