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Contingent liabilities are disclosed in financial reports: Select one: a. in footnotes to the reports. b. as deductions from the asset accounts they relate to.

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Contingent liabilities are disclosed in financial reports: Select one: a. in footnotes to the reports. b. as deductions from the asset accounts they relate to. c. in the financial expense section of the income statement. d. in the liability section of the balance sheet. Previous page Next

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